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it's late and my book is even later, so posting is a luxury I can ill afford.... BUT anyway.... exports are 20% ish of GDP, net wealth created by the market (redeemed) has been running $300 billion ish... There are no untroubled export markets, and Canada is looking brazilish, and the wealth effect from stocks is spluttering. There just isn't enough hype in the World to avoid a reccession, and certainly not enough $$$$$, and no political will... indea increase rates from 5-8% to protect the ruppee, Canada has been pumping rates also, and why, because investment is fleeing.... it's a terrible situation. I keep reading rubbish on this thread that this or that stock is cheap because it's trading at this or that multiple of earnings, net cash, ebitda, revs ---- whatever. the point is that in a slowdown changes compound to the downside as well. true dell, and a few other came out of the woodwork and said things lok rosey.... but aske packard hitachi bell what's up and you get the real deal.... which is that in the first blush of a bear market the strong thrive, and even in a reccession they survive, but the SV's of the world get bought at a discount to any measure of worth, because without capital they cannot survive.... MY POINT IS THAT DIFFERENT MEASURING DEVICES ARE NEEDED RIGHT NOW.... |
