GZ,
Thanks for your response.
I am not a fundamentalist, but I just dont see significant positive fundamental signs yet, unless these earnings turn out better than expected. Unfortunately, from the last report from FIRST CALL it appears that the earnings in general are weeker. Hope there are some who are better tuned into the earnings can report regularly on how the 3rd quarter earnings are progressing.
Otherwise there are much more negative fundamentals in the world economy than positives, at least for now.
Many feel that all the negative news is out and incorporated into the market now, unfortunately I feel otherwise but I need to stress that I am far from a fundamental knowledgable investor.
What happens if CHINA devalues, is that already incorporated into the market. What about decreasing earnings worldwide of individual companies, if that occurs - is that already incorporated into the market? I really dont know, but I do have the belief that not all negativity has been incorporated into the market.
I am not looking for nor do I want a major selloff into the 6000-5000 range. But I feel that the worse thing that could happen is a strong runup without fundamental substance. That most likely produce another bubble, and if it bursts, it could be worse than what we have already seen.
I guess its a ZEN/YING-YANG type of thinking, looking for some sort of balance pertaining to fundamentals and market levels. But such expectations are unrealistic in a greed motivated market where most want everything right away. So, I guess that if the market takes off and continues up strong without significant improvement in the fundamentals to support a strong upswing, then inevitably there will be another BUBBLE.
Seeya |
