Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Overvalued? Anyone who has any historical perspective and cares at all about the laws of eceonomics; ie. reversion to the mean??? Roach is one as is Buffett and Templeton. People with a boat load more intelligence than Granville, Garzarelli, Joey Bag-o-Dunuts, and pumpers like Art Hogan and Tim Duke from Lehman. On Friday, he could hardly contain his glee about the "guidance" he was giving on the bright new future of telcom- LOL. If these prostit*tes (apolgies to practitioners of the world's oldest profession) had any ethics, they would downgrade stocks that miss real GAAP earnings growth like INTC, IBM, WMT, GE, JNPR and the whole drug stock follies like Abbott Labs. JO, enjoy the bubble for now but, for your subscribers' sake (and stake) get them out before the bell sounds to head for the exits.

This FWIW from the Institute of International Finance:

January 16 – Financial Times (Alan Beattie ): “The rush of
investors into emerging markets is in danger of suffering a swift and damaging reversal, the leading association of global financial institutions has warned. In an unusually explicit warning, the Institute of International Finance, which represents more than 300 of the world’s largest banks and finance houses, said asset prices were vulnerable after rising too far, too fast… The institute said net capital flows to emerging markets last year reached $187.5bn, their highest since the Asian financial crisis began in 1997, and forecast a further rise this year.”