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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (42250)	12/20/2012 6:54:46 PM
From: Keith Feral	Read Replies (2) \| Respond to of 222204

I hear you about oversold territory on the S & P. I follow the DOW more than the S & P, and I like all the dividend raises we have been seeing, GE being the latest with a 3.6% yield. The yield growth is slowly catching up with the EPS growth on the DOW over the past several years. That does nothing but make me like the DOW more going forward, with or without double digit earnings regrowth from the 2008 low. Your comments about Apple heading lower keep looking better. I'm losing the faith, but maybe that's a sign of a near term bottom. Happened with STX a couple weeks ago at $25 and the stock quickly reversed. However, Apple is a different story with such a big market cap. It's not like they can raise their dividend to 6% any time soon. So, maybe I would feel much better with DELL, HPQ, NOK, MSFT and other comeback stocks with decent growth and very good yields relative to Apple. Right now, I think the risk reward on Apple is 1 to 1 which isn't very good. I feel the same way about GLD right now, except the risk reward is probably 2 to 1 which is still lousy. I completely agree with your point that GLD is getting mugged relative to stocks over the near term. Either GLD capitulates to a tradeable bottom or it takes it's good old time. I'd rather see it continue to baffle and confuse before it really starts to stink. The only 2 stocks close to gold I would touch would be FCX or NEM. 20 PE's on GG and others with 1.5% yields are just rotten. Even if they got to 2% like Apple, that doesn't put them on anyone's radar screen for value.