Dow down 360, again…..

[one_muggle]

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.

[one_muggle]

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.

[one_muggle]

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.

[one_muggle]

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.

[Coronita]

Cooprider,

 Rehtorical question wrto goog.

 While it's P/E is 50, consider Yahoo. It's P/E is 53. This sector imho is way overpriced, but relative to it's peers, is google really that much more overpriced, considering they are pretty much kicking everyone else's ass in the sector, and it on a much more belieable growth than the likes of say Yahoo? Long term, maybe things will become more rationale. But for the time being, I wouldn't be betting against the tread

No, i don't own google shares, though I wish I bought in at the dutch auction when it IPOed.

 

 

[Coronita]

Cooprider,

 Rehtorical question wrto goog.

 While it's P/E is 50, consider Yahoo. It's P/E is 53. This sector imho is way overpriced, but relative to it's peers, is google really that much more overpriced, considering they are pretty much kicking everyone else's ass in the sector, and it on a much more belieable growth than the likes of say Yahoo? Long term, maybe things will become more rationale. But for the time being, I wouldn't be betting against the tread

No, i don't own google shares, though I wish I bought in at the dutch auction when it IPOed.

 

 

[Coronita]

Cooprider,

 Rehtorical question wrto goog.

 While it's P/E is 50, consider Yahoo. It's P/E is 53. This sector imho is way overpriced, but relative to it's peers, is google really that much more overpriced, considering they are pretty much kicking everyone else's ass in the sector, and it on a much more belieable growth than the likes of say Yahoo? Long term, maybe things will become more rationale. But for the time being, I wouldn't be betting against the tread

No, i don't own google shares, though I wish I bought in at the dutch auction when it IPOed.

 

 

[Coronita]

Cooprider,

 Rehtorical question wrto goog.

 While it's P/E is 50, consider Yahoo. It's P/E is 53. This sector imho is way overpriced, but relative to it's peers, is google really that much more overpriced, considering they are pretty much kicking everyone else's ass in the sector, and it on a much more belieable growth than the likes of say Yahoo? Long term, maybe things will become more rationale. But for the time being, I wouldn't be betting against the tread

No, i don't own google shares, though I wish I bought in at the dutch auction when it IPOed.

 

 

[davelj]

Chris,

Thanks for posting. As a non-trader (and principally non stock market investor) I still watch stocks somewhat closely. As you know from my previous posts, I’m medium-to-long term bearish (and have been for some time) although I acknowledge that in the short term anything is possible. I’ll be very interested to see if your indicators flash sell before all hell REALLY breaks loose (as I anticipate at some point over the next 6 months). Or, who knows… maybe we just motor back to new highs. Good luck and stay in touch!

[davelj]

Chris,

Thanks for posting. As a non-trader (and principally non stock market investor) I still watch stocks somewhat closely. As you know from my previous posts, I’m medium-to-long term bearish (and have been for some time) although I acknowledge that in the short term anything is possible. I’ll be very interested to see if your indicators flash sell before all hell REALLY breaks loose (as I anticipate at some point over the next 6 months). Or, who knows… maybe we just motor back to new highs. Good luck and stay in touch!

[davelj]

Chris,

Thanks for posting. As a non-trader (and principally non stock market investor) I still watch stocks somewhat closely. As you know from my previous posts, I’m medium-to-long term bearish (and have been for some time) although I acknowledge that in the short term anything is possible. I’ll be very interested to see if your indicators flash sell before all hell REALLY breaks loose (as I anticipate at some point over the next 6 months). Or, who knows… maybe we just motor back to new highs. Good luck and stay in touch!

[davelj]

Chris,

Thanks for posting. As a non-trader (and principally non stock market investor) I still watch stocks somewhat closely. As you know from my previous posts, I’m medium-to-long term bearish (and have been for some time) although I acknowledge that in the short term anything is possible. I’ll be very interested to see if your indicators flash sell before all hell REALLY breaks loose (as I anticipate at some point over the next 6 months). Or, who knows… maybe we just motor back to new highs. Good luck and stay in touch!

[(former)FormerSanDiegan]

Chris – Thanks for checking back in. We appreciate the insight. I know it can be frustrating presenting a balanced and sometimes positive case inside the den of bears. But again it is greatly appreciated.

[(former)FormerSanDiegan]

Chris – Thanks for checking back in. We appreciate the insight. I know it can be frustrating presenting a balanced and sometimes positive case inside the den of bears. But again it is greatly appreciated.

[(former)FormerSanDiegan]

Chris – Thanks for checking back in. We appreciate the insight. I know it can be frustrating presenting a balanced and sometimes positive case inside the den of bears. But again it is greatly appreciated.

[Author]

Posts