AI
Thursday, March 02, 2006 9:15:11 PM
Oh, Poker... First, I have to say, that I love you like a bro. You're my alter ego on this board. Now that I got that out of the way, WHAT FRIGGN' PLANET ARE YOU FROM??? hehe
Black Monday?
I was driving back from snowboarding this afternoon and was listening to CNBC on Sirius. I was wrong about the S&P's forward PE of 17. It's only friggn 15 times NEXT YEAR's. We have NEVER had a bear market with rising corporate profits (actually double digit growth year/year) and consistent GDP growth over 2%. NEVER. Bear markets are fundamental events, not technical. I know many will never learn that. But even the market is structurally sound as shown by the long trend. Remember this chart? I defy anyone to tell me that this shows a bear market.
Geez. (remember, I'm saying this all in gest. I don't want anyone getting pissy with me)
Black Monday?
I was driving back from snowboarding this afternoon and was listening to CNBC on Sirius. I was wrong about the S&P's forward PE of 17. It's only friggn 15 times NEXT YEAR's. We have NEVER had a bear market with rising corporate profits (actually double digit growth year/year) and consistent GDP growth over 2%. NEVER. Bear markets are fundamental events, not technical. I know many will never learn that. But even the market is structurally sound as shown by the long trend. Remember this chart? I defy anyone to tell me that this shows a bear market.
Geez. (remember, I'm saying this all in gest. I don't want anyone getting pissy with me)
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