do financials and mortgages banks continue to drop or are they at the bottom of this subprime mess? And gold/siler are at or near all time highs – is it too late to get in, or will the dollar continue to decline?
Does anyone else think Google is overpriced?
IMHO:
Banking problems, both stock and real world, are only getting started. Though there will be some better banks that get punished with the bad–I think there is a big buying opportunity in individual bank stocks because of this, but the sector in general continues to suck.
I’ve seen enough people that were more informed and smarter than me get burned in currency, so I avoid pure currency plays. I prefer buying companies that make money even if the dollar tanks-such as most multinationals. If i had to put short term money on currency, I would bet heavy against the dollar, but long term I think the dollar is starting to be oversold.
For Google, again short term I am not fighting the trend (which is up), but I think it looks a bit rich at a P/E of 50. It does make money, so it is not an internet stock horror story, like the early 2000’s, but they need to keep innovating their asses off to make the stock worth more than its current price.
Generally, I think the market is fairly valued, at best, and heading for a good correction, at worst. I am stockpiling cash–though unfortunately, in US dollars.
