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

To: zamboz who wrote (19984)	4/24/2009 5:07:10 PM
From: LTK007	Respond to of 71406

EDITED: i don't see a W myself bottom. In fact it is too late for a W, next trip down will amount to VVV , and i consider triple VVVs to be SUPER bearish. The honest P/E for SPX is now in 58-1 area. The bottom in 2002 SPX hit a 15-1 p/e. i view triple tops as quite BULLISH and triple Bottoms as extremely Bearish. My minimum target for a final bottom is SPX450, and i mean minimum. Our market will be just another Japan.Max p.s. in fact i see this rally exactly as being as ludicrous and PATHETIC a rally since the Spring of 1930. A Brass Knuckled Reality is being denied---but it is there, and it will take the teeth out the mouths of those that refuse to consider this reality.

To: zamboz who wrote (19984)	4/26/2009 12:47:53 PM
From: LTK007	5 Recommendations Read Replies (2) \| Respond to of 71406

Hard Reality Wake-Up Call--and i mean REALITY, NOT fantasy: The present trailing P/E/ for SPX as a staggering 58.21. Point #1. The bottoms in bear markets do not achieve bottom until a Trailing P/E of 15-1 or 6-1. The SPX if NOW were priced to 20-1 would be 298! Point Two--Now Read This From TSR saturday: <<We may have side stopped Armageddon, but to borrow another biblical metaphor, the global economy, and the West in particular, is arguably booked for an extended stay in economic Purgatory. Last week we discussed the rather bleak earnings picture for the S&P 500 in 2009, which even by the most optimistic projections will have a trailing P/E of 30 in Q4.>> Then remember the lesser bear of 2000 did NOT hit bottom until SPX touched trailing P/E 15-1 in October 2002. in the the 1980s it hit 7-1. Bottomline it is BLATANTLY CLEAR this market right now is GROSSLY INFLATED/DANGEROUSLY inflated. One need be BLIND not to see this. The higher this market rallies , the aftermath will be MASSIVE destruction again of wealth, and this FANTASY rally is actually the WORST possible case for recovery as our demented economy is a pathetic appendage to the value of the stock market. If the stock market only bottoms at 15-1, SPX will hit 223. All you hear now from the bulls is the words of pathological liars OR mindless idiots. Have i made myself clear:) Max