Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (68454)	8/18/2006 8:42:44 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 110194

i have no idea about that statement, or what facts may or may not underpin it. but i find it nonsensical on the face to consider energy the "most loved" sector when it is only 33% of its past bubble weighting, while tech and finance continue to maintain huge bubble weightings. i remember reading last fall in Barron's, in one of their Big Money Polls, a list of the stocks big money managers considered most overvalued. on that list were some usual suspects like GOOG, but also there was VLO. VLO was then trading at what would turn out to be a forward PE of about 4.5. yes, a sub-5 PE and the stock was considered one of thte most overvalued by the people that count. gee, what an overvalued sector. today VLO trades at sub-6 forward PE, gee it's so overvalued because everybody and their auntie loves energy and hate tech, which is where the true value is. the simple fact is, money talks, bullshiat walks. energy continues to be underowned and trades at huge PE discount despite its outsized contribution to both absolute earnings and incremental earnings growth.

To: ild who wrote (68454)	8/18/2006 10:25:54 AM
From: J_Locke	Read Replies (1) \| Respond to of 110194

biz.yahoo.com Mean recommendation on S&P 500 is 2.42 with 1.0 being strong buy and 5.0 being strong sell. Just eyeballing it, Oil&Gas appears to be the 5th or 6th best recommended group out of 37. biz.yahoo.com Miners, on the other hand, are roundly hated. biz.yahoo.com