OJ,
Good job on holding up the more bullish views, but I do believe you are outnumbered, lol. Nevertheless, after a short retest here, perhaps as short as intraday, I agree we will go higher.
LG gotta remember, like you used to say a lot, think like a criminal. I say use reverse reverse reverse psych, ggg. (BTW, LG, was that your bushytail at my birdfeeder this morning,ggg?)
On earnings, could be this recession resembles (resembled?) the early 90's where reduced earnings resulted in very high PE's (I'm talking blue chips/old industry here more than tech). Some similarities, both had shocks associated, the Gulf War in 90, 9-11 here, numerous rate cuts over two years in 90-92, same Fed chairman then and now, a President Bush then and now, a gold bull in early 93, etc. etc.
Just some thoughts,
Roebear |
