The HOPE bubble
#31
Posted 03 February 2009 - 03:28 PM
#32
Posted 03 February 2009 - 04:18 PM
If higher earnings drive markets higher, then what do lower eanings do to markets? Why is everyone ignoring this basic fundamental?
Is anyone expecting earnings to improve?
so the question may be, how big of a counter rally can take place without fundamentals improving? Mark, could the big rally you may be looking for still be in the confines of a bear mkt? I know its not unheard of for a mkt to retrace 50% in a bear rally.
#33
Posted 03 February 2009 - 04:27 PM
If higher earnings drive markets higher, then what do lower eanings do to markets? Why is everyone ignoring this basic fundamental?
Is anyone expecting earnings to improve?
they're going to get worse for tech this year.
ed rader
#34
Posted 03 February 2009 - 04:30 PM
If higher earnings drive markets higher, then what do lower eanings do to markets? Why is everyone ignoring this basic fundamental?
Is anyone expecting earnings to improve?
so the question may be, how big of a counter rally can take place without fundamentals improving? Mark, could the big rally you may be looking for still be in the confines of a bear mkt? I know its not unheard of for a mkt to retrace 50% in a bear rally.
I think we'll be in the secular Bear for a while. But the rally should be great enough for a large number to think we're no longer in it.
And of course, I could be wrong. I do expect earnings to improve, but that's not saying much, either.
Mark S Young
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#35
Posted 03 February 2009 - 09:07 PM