Hi chinton,
I've read your posts, and respect your opinion that the market and the US economy are headed for a huge crash.
I don't think anyone doubts that there are certain stocks, or industries, with high stock prices. Currently many stocks have historically low P/E ratios. I think your opinions are misguided if you think all stocks are selling way too high. Things are a lot different in today's environment than in 1929. Margin was used a GREAT deal more than it currently is. My opinion is that margin was the key issue for the breakdown in 1929.
I would share some of your opinions, if the following circumstances occurred: 1) inflation was present (it's not, by anyone's means - other than high employment, which can lead to inflation; 2) a major war was happening; and 3) technology was NOT creating productivity and efficiency gains throughout the economy.
Do you own any stocks yourself? I would be curious to know which ones. I focus a majority of my long-term holdings on stocks with excellent balance sheets, reasonable PEGS, and favorable growth rates and presence in favorable markets.
I sincerely would enjoy your comments.
Just my opinion,
Respectfully, advalorem |
