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Strategies & Market Trends : Value Investing

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From: J Mako10/5/2011 8:21:08 PM
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Interesting read:

"Watching the crisis unfold in Europe is like pulling a bandage off at a snail like pace. It's frustrating to say the least. The last thing the market likes is uncertainty - and I, in my career as an investor, have probably never seen a situation that was both so uncertain and had such a large ramification on investor risk appetites globally...


Like the shipping industry pieces I was reading a few weeks ago, the general sentiment is that while the market is cheap, the next move is lower. If you read strategy pieces across street, you hear that general sort of theme."

distressed-debt-investing.com

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Is the market really cheap in general? According to Shilling's PE10, it's not there yet... Any comment?
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