Replies to post #152321 on Zeev's Turnips Patch-No Politics (ZEEV)

[deuce bigalow]

WE ARE IN A BULL MARKET

nevertheless, we're in a market. there is such a thing as value, after all. if you hear that retails owners of nasdaq stocks are going out significantly on margin now<<<<<

Do you have any stats or a chart on that?

We are in a bull market since march - and many stocks from oct., if you look at just about 98% of the charts on all three boards, you will see rising trends, and a lot of them rapidly rising trends, THATS A BULL MARKET, WHEN EVERYTHING IS GOING UP, THE 200DMA IS MOVING UP! ANYBODY that IS CALLING WHAT WE'VE SEEN IN THE LAST SIX MONTHS A BEAR MARKET NEEDS TO TAKE SOME REALITY PILLS.

VALUE is in the eye of the beholder, stocks were values a month ago, 3 months ago, 6 months ago, because they sell for more money now.

are stocks a VALUE now?, you certainly can't ask any of the perma-bears floating around calling for the end of the world and the demise of the United States ala the Roman Empire, they thought stocks were of no value 6 months ago, they've been dead WRONG!

are stocks a VALUE now, that can only be answered in the fullness of time, not by a p/e ratio, a book value, because in an irrational market that is governed by greed and fear, traditional values are worthless on a daily, weekly, and monthly basis, as we've all seen the market can be irrational for years at a time.

There is something I've been watching for, a sign of capitulation by option buyers, sizeable selloffs, like the one today have garnered a p/c ratio above .85 and closer to 1, today's was low area .75, just one day though, if the option traders stop panic buying poots on pullbacks and start going long on dips, that would worry me about the long side.