Massacre on Wall Street
The question is when, not if!
Instead of telling for whom this thread is meant, I will tell for whom it is not meant. If you believe in either one of the following, this thread is NOT for you:
10. This is not a bubble
9. Brazil devaluation and possible Chinese devaluation is good for the US economy.
8. Stocks are undervalued at DOW 9000 (PE 30) S&P 1200 (PE 33) Nasdaq at 2400 (PE 110)
7. Abby Joseph Cohen and Joe Battipaglia are brilliant.
6. Growth forever (thanks to the MIT professor)
5. We now have tools to deal with mass panic.
4. Feds did not intervene in the markets and they cut rates only to help the bond market
3. Earnings are meaningless
2. Stocks will only go up.
1. New-pair-of-dimes. err. new paradigm. i.e. old valuations no longer apply.
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