Ian,
OT,OT
we are already in a bear market for most stocks which fell more than 20% from their highs. only a handful of large-cap stocks hold up the indices. even some large-cap are not doing well(HWP,G,DIS...). take a look at DE, RDC CAT, ASYT, etc. their P/E are near or below 10. one has to ask himself: if the world is so rosy, why these stocks came down so much and the P/Es are so low? if these stocks can be traded at so low P/Es, why not those now hi-flying stocks some day?
BTW, every market needs bulls and bears. can you imagine that if we only got bulls on wall street, every body will just buy and hold, and then who will sell you shares. wall streets will become a IPO market only, and most analysts will lost their jobs. |
