all stocks are going to zero...why bother at all right?<g>
No, but they are on their way back to undervaluation from an extreme of overvaluation. Believe it or not, when growth to infinity is really in question, these slips of paper will once again trade such that the near-future earnings flows are near par with equivalent flows available from a Treasury security.
And, yes, that means EBAY, CSCO, AOL, INKT, CFLO, and all the other New Era garbage will trade in the single digits. Not zero, but for most Clowns, close enough.
The day can't possibly arrive soon enough. I can't wait to go back to investing, and buying *before* I sell instead of the other way around.
And, yes, in case you hadn't noticed, you are in a recession. I'm amazed at the denial, but it is really here. No amount of denial will make it go away. And, based upon the degree of idiocy employed in the finance industry leading up to the recession, this *will* likely be the worst recession since 1973-4. I hope not worse, but it is entirely possible.
Try reality, pal.
BC |
