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Politics : Stop the War!
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To: Augustus Gloop who wrote (5836)3/31/2003 12:01:37 PM
From: zonder  Read Replies (2) of 21614
 
The market and dollar will bounce back as soon as we roast the Republican guard

If you want the market to bounce, tell Rumsfeld to shut his trap. The market is falling today because of his apparent hard-on towards Syria and Iran, with the understanding that war will not be over with Iraq. That it will not be over, until these guys are done with whatever plan they have precooked and are now heating before serving red-hot.

The fact still remains that we are over valued

As anyone who has ever done a DCF can tell you, valuation is not just P/E, and has everything to do with your assumptions about the future as well as the interest rate environment. In that light, most companies (talking about those with real businesses & making real money here) are not expensive at all, given that:
(1) Interest rates are very low (which decreases the discount rate and hence increases the fair value of companies according to discounted cash flows)
(2) US stops with these imperial aspirations NOW and gets back to being a republic (lower uncertainty, lower energy prices, etc)

I think everyone thinks the market will be up and running fine after the war

Not really. Especially not since we are given a clear indication that the US will not stop at least before the "axis of evil" is all taken out.
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