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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (18862)	3/19/2009 3:27:16 PM
From: LTK007	1 Recommendation Read Replies (2) \| Respond to of 71442

<<At some point, I think the stock market will inflate, because earnings will inflate>> Have to give a counter point on that Ben:) Market is right now moving up far faster then earnings are dropping. The SPX500 is grossly overvalued RIGHT NOW. The earnings would have to increase 60% for SPX500 to justify the SPX at its PRESENT price. The market is actually massively re-infating every day it goes up. The P/E i swear by, and trust is via Swenlin--his charts go way back. And per his benchmarks SPX is now closing in on its P/E level of March 2000. i agree with Faber, once the investors grasp just how damaged the economy is we will have another HUGE leg down. i will stand by my projection of future new lows in the SPX500 at 606 area NO MATTER the how it rally nows. We rally again, and then go for 450 area, In My UMMMMMBLE opinion.:) max "In my UMMMMMMMMBLE opinion" Is as Uriah Heep speaks it.