Ron, I feel exactly the same
way, and would assume that
there are legions of others.
The market has trained us to
look at income, growth, and
valuations, then summarily
threw those measures out
the window.
The question is whether the
market ever comes back to what
we know, or whether we are
forced to adapt.
I don't have a clue what the
final outcome will be, but it
does concern me greatly.
Yesterday as I watched the market
frenzy, 3 of my long positions,
each with a PE under 10 and growth
in excess of 25% got hit. Each
traded up initially, each closed
at the low of the day, each giving
the impression that money was coming
out of them in favor of some stock
with no earnings. IT SUCKS
Regards,
Jeff
PS: I have tried and will continue
to try to change, it does drive me
nuts. |
