General Stock Ideas

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bigworld, it's not a bear market, it's a potential-nuclear-meltdown market. Some people are jumping on the "correction" bandwagon and selling; some people are jumping on the "buying opportunity" bandwagon and buying. If Japan gets through this crisis with relatively little more damage, relatively unscathed except for the need to rebuild, US stocks will go right back up because stocks are not overvalued and earnings continue to be robust.

If there are more serious consequences in Japan, we'll see a further downturn in global stocks, IMO. For a while now, I've noticed that the daily activity in the markets seems to be determined by short-term and daily factors, but over the longer term, stock prices reflect fundamentals.