[quote=Nor-LA-SD-guy]I don’t know anymore, I am starting to warm up to the Idea of a double dip recession nowadays.
[/quote]
It’s too early for the second dip, it’s not supposed to come till Q3 or so.
[quote]I think that current P/E is around 28/1. And this is in a poor business environment. Should be around 10-14/1 at best. [/quote]
Valuations should reflect future earnings, not current earnings. It’s only OK to demand 14/1 if you don’t think that the economy is going to recover any time soon.
[quote]Look to one ounce of gold to buy the dow.[/quote]
