ALLAN>>>>
<My mind must work too simply to understand why anyone would want this in their portfolio.>
The stock market today -is 'attempting' to continue- to try and hold 'probable' values, unrealistic values, imaginary values, in accounting what we used to call 'blue sky'.. These "pro-forma' numbers are all 'a hopin, a wishin, and a prayin.... but reality is: Stock 'Values' should be based on earning facts..... and that's it! No earnings= NO real VALUE... bubble-mania continues... One of these days somebody , or something is going to "flip da switch" and we are going to drop STRAIGHT down. 'NO VISIBILITY' remember those words... out of the mouths of so many CEO's.... "NONE" How many vehicles would you get on????, if the driver said "I can't see what kind of road we have, if anything" I can't tell you where we're going, or when we'll get there, but I'll let you know something at the next stop... Hell that could be a dead stop...??? This is crazy, nutso!!..
Charting tracks emotional reactions, EW, traces a similar course, fundamentals maybe reality for now. At least some of us will revert back to the security of PM, perhaps GOLD... so I'm into reality…… PDG, NEM, GLG markets etc. |
