I seriously doubt we'll crash in Aug. though, and right in front of FOMC.
IMO, the risk is in being short here.
Dale ....what have we just done ? LOL!
I just can't believe what I'm hearing , and I have just not
payed attention to any pundits trying
to guess botttoms.
What Merrill Lynch and Abbey Cohen have done with their calls
have been pretty close to a classic pump and dumps,
as far as I can tell. <G>
Do the chartists ever look at PE's and individual stories
and something called Guidance ? Earnings ? Continued revisions down ? VTSS and the "Glam" semis perfect examples of doing nothing but guiding lower and lower
and lower.
Read from June:
Message 15978692
This indicator or that indicator doesn't hold a candle
to the ---->two indicators I tend to follow , which are consumer spending/unemployment and corporate/capex spending especially in IT, semi's and the fibre glut...these were known the entire time , from report after report after report , combined with a Euro-zone slow down , and Japan crash.
also from back in June
How Fiber Barons Plunged Nation Into Telecom Glut
Message 16005689
Just stop and look back on the revisions down and
outlooks these company's have had to adjust
further down along the way , and it's been no mystery
why this market has gone back down .
Sure , every home will someday have fibre running to it , and have gone totally wireless...and i hope all that wonderful new technology and capacity
is used wisely and for some kind of life~affirming
educational purposes and bringing down the
walls between human beings , instead of
just games etc etc.
<gg>
That being said , it is always a matter of individual
plays for traders short or long at any time and place
in the market ...most of the large and mid-cap stocks
are still way overvalued...BEAS still has PE of 150.
some of the little one's, if picked rightly could be the
biggest gainers from a percentile , if one chooses right .
EXDS doing 100% moves twice in a month ?
(MFNX was fun friday)
Find some of those , IMO !
;-)
Marsh
PS: Never thought you'd see CIEN with a double-digit PE?
peek at it now , LOL...it sure was heading there <gg> |
