Victor, lets make things clearer.
<<Sorry Guy, but it does matter. The top three factors in the performance of the stock market are: inflation, interest rates, and corporate earnings. Period. Right now, the rate on the long
bond is up in the nervous zone, and with oil popping up so much, the market is jittery about inflation. This is why the market has been whiplashing lately. It sort of wants to keep going
up but it can't.>>
Sorry Victor, but at the current level of the market, non
of these factors is relevant anymore.
It seems like the market doesn't care anymore and it goes
up as long as these factors are not negative.
So if the factors will be positive for the next 10 years,
it says that the market should be at 30,000??? NO.
There should be REASONABLE P/E ratios of 10-30 max.
Of course, if we will see a minor and ridiculous interest
raise, the market will collapse. Why? because people were
stupid enough to buy when it was 11,000 points, and
they will be stupid enough to sale because of a minor
interest raise.
<<So you must be short EBAY if you are so convinced of that, right ?! Guy for the last eight
years, folks have been saying stocks are overvauled. I could make a case that ebld is overvalued. Wanna hear it?>>
No, i am not short eBay. I am an Israeli, Remember?
I can't short.
I can make a case that EBLD is overvalued either, but
in compare to the techs, the net sector and the takeover
possibility, we are WAAAYYYYYYY UNDERVALUED. kapish?
Guy |
