SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Ask Mohan about the Market
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: robnhood who wrote (10332)12/5/1997 10:05:00 PM
From: Defrocked  Read Replies (1) of 18056
 
RE: "but there is something very different about this rally"

Russell, I agree with you. Previous rallies have not been
accompanied by this extraordinary level of relief and hype
nor with a yield curve exhibiting schizophrenic tendencies
as in today's trading. Moreover, past rallies did not appear
to me to be expanding into slower economic growth forecasts.
These forecasts must be universally wrong or given a, say,
only a 30% decrease in real GDP, the market is willing to
pay for the equities which will undergo serious expected
P/E realignments to an even higher level. IMHO the market is
pricing in an incredible source of unknown earnings growth
or relying on the greater fool theory to sell stocks
at higher multiples than exist today. BWDIK.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News