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postman

03/31/12 9:42 AM

#699583 RE: zab #699582

Great post, Zab! Those who see things from the opposite point of view will be left behind...

byankee

03/31/12 1:41 PM

#699592 RE: zab #699582

Zab, interesting take on something that many folks around here believe is a "topping" process with a "change in the air". Especially with the gains that have taken place just in the firsts quarter in these markets! That is some topping!
My own perspective is that you could be right on, but not without some improvements in P/E ratios. That doesn't mean that it could not happen without increased earnings, as overbought markets exist from time to time, but I just don't see an overbought situation in our political climate. While the Fed will continue what it can, to control inflation, I don't expect much from the Congress and administration can only do so much. Namely, investors will be reluctant to get overbullish without good reason.
They (investors) have run the markets since October due to their being convinced we are not heading into another recession, after the economic slowdown and debt ceiling debacle of 2011-how high we go now will depend on where earnings go.
Which reminds me, when does AA start off the earnings season?

Emptyhead

03/31/12 2:34 PM

#699595 RE: zab #699582

Zab,

The economy is not selfsustaining enough to allow stocks to climb to 15K by year end. Way too much government deficit spending here imo. The clowns cut the social security payroll tax by 33% for the employee!
No, this economy is a sham.