OT ** >> wait 'till we approach 800 on the S&P before seriously committin',
AD, I don't see the how people arrive at any particular target valuation number, or index number.
I just see that earnings are better this Q. Sequentially, and year/year. The market has been jiggering its valuation every day for 3 years now. Does it still need more time ? I guess that depends on on whether the economy will keep improving, or turn down again.
I guess each of us answers this from the perspective of his own situation. Personally I and my neighbors still have jobs and income. I see the place where I work hiring people - not laying off. My relatives have their businesses and income. They're buying stuff like furniture, appliances, cars, computers, cameras, etc.... So I figure the economy is fine. And that is confirmed by housing stats, the GDP, unemployment claims, etc....
So the problem is stocks. Will they catch up with their valuation ? I think so. When ???? No idea.
Sarmad |
