Spark...as in an open gas line
Market is waiting for a spark
Started by
RagingSpartan
, Feb 10 2016 01:10 PM
22 replies to this topic
#21
Bearingly
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Posted 11 February 2016 - 02:51 AM
#22
alexnewbee
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Posted 11 February 2016 - 05:35 AM
More money is being pulled off the table.... PE of SPX is still above 20 and is overbought. Technology PE has dropped to 23 from 30, so is currently looking like the best bet for upside... The market needs to wash out before we create a bottom... This hasn't happened yet...
Barry
PE on AMZN 400, FB - 78.
also regarding E - it will drop like a rock in recession which is already starting, look at BDI
Edited by alexnewbee, 11 February 2016 - 05:35 AM.
"we do G.d's work" Lloyd Blankfein
#23
CHAx
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Posted 11 February 2016 - 09:15 AM
More money is being pulled off the table.... PE of SPX is still above 20 and is overbought. Technology PE has dropped to 23 from 30, so is currently looking like the best bet for upside... The market needs to wash out before we create a bottom... This hasn't happened yet...
Barry
PE on AMZN 400, FB - 78.
also regarding E - it will drop like a rock in recession which is already starting, look at BDI
Don't try to rationalize price action with fundamentals. That is for the prognosticators who can't trade price. Prices overshoot and undershoot "value" all of the time during the cycles. But I agree with your point and its an insightful observation. I'm just saying that bears have been citing P/Es for years and it just didn't matter.... until it does.... all at once. HAH.
