A great post swiped from Thread Morons #reply-7182787 See Numbered points at end of post.
So, is it really that bad ? May be it is, but may be it is not. The point here is that
everything is relative to what valuations are we talking about, and relative to what
standards.....
It is important to point out a few distinctions between then and now.
1. Populations are substantially different. (size)
2. Communications today are much faster and reach places that in comparison, back
then had not even been explored.
3. Far more people are now being targeted as customers that before did not even exists.
Yes that arguments sound quite similar, but the possibilities to realize today's goals, (a
complete integration of the world's markets), seem more reachable than back then.
4. There is a larger general acceptance of free markets today in more places than ever.
Individuals all over the world are being empowered and capable to become productive,
in turn they become customers.
6. Governments are becoming less influential, allowing both corporations and individuals
to reach each other without the obstacles of the past.
7. The Internet is here and now, and it is reducing costs for many participants.
8. Commodities.... particularly oil, (a real spark for inflation), continue its slide, this helps
contain costs in most industries.
9. There is a mountain of money being allocated to the Stock Market, and for the
foreseeable future this will continue.
Is this time really different ?... No I do not think so, except many "standards" by which
assets will be valued are changing considerably. I believe that we are, as we speak,
learning this new standards.
So long we continue to have misleading politicians combined with an increased capacity
for the general public to find out the real story, old tactics and standards may not work,
and I believe this is part of what the markets are experiencing at this time.
Are we nearing a point in which it warrants to short the big ones ? I will let the market
show me first, might not be as profitable, but it is safer.... we shall see.
As for the bb's.... well, most of the time is always a good time, particularly the non
reporting ones... |
