Home › Forums › Financial Markets/Economics › It feels kinda bubbly right now
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Arraya.
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July 31, 2009 at 2:30 AM #440266July 31, 2009 at 7:19 AM #439511
Nor-LA-SD-guy
Participant[quote=AN][quote=DWCAP][quote=Multiplepropertyowner]All I know is that my 401k is way way up.
P.S.
A 9000 stock market is not all that bubbly.
MPO[/quote]Says who? A bubble can form at any price level is profits dont support the share prices.[/quote]
What’s considered a bubble? The DOW was at ~9000 in 1998. Do you think we’re back to 1998 nominal profit level?[/quote]We (our company owns it, it’s a long story but in 1999 we needed that space) had a building sitting empty (about 80K sqf) since 2006 (ownit mortgage leased from us from 2004 – 2006), we just finally leased it out again.
I think it just points out the wall of worry theory, while there is lot’s to worry about the real world keeps slowly jugging along until the next bubble/burst.
Had to correct/edit, ask the facilities guy he said it was about 80K sqf.
July 31, 2009 at 7:19 AM #439713Participant[quote=AN][quote=DWCAP][quote=Multiplepropertyowner]All I know is that my 401k is way way up.
P.S.
A 9000 stock market is not all that bubbly.
MPO[/quote]Says who? A bubble can form at any price level is profits dont support the share prices.[/quote]
What’s considered a bubble? The DOW was at ~9000 in 1998. Do you think we’re back to 1998 nominal profit level?[/quote]We (our company owns it, it’s a long story but in 1999 we needed that space) had a building sitting empty (about 80K sqf) since 2006 (ownit mortgage leased from us from 2004 – 2006), we just finally leased it out again.
I think it just points out the wall of worry theory, while there is lot’s to worry about the real world keeps slowly jugging along until the next bubble/burst.
Had to correct/edit, ask the facilities guy he said it was about 80K sqf.
July 31, 2009 at 7:19 AM #440037Participant[quote=AN][quote=DWCAP][quote=Multiplepropertyowner]All I know is that my 401k is way way up.
P.S.
A 9000 stock market is not all that bubbly.
MPO[/quote]Says who? A bubble can form at any price level is profits dont support the share prices.[/quote]
What’s considered a bubble? The DOW was at ~9000 in 1998. Do you think we’re back to 1998 nominal profit level?[/quote]We (our company owns it, it’s a long story but in 1999 we needed that space) had a building sitting empty (about 80K sqf) since 2006 (ownit mortgage leased from us from 2004 – 2006), we just finally leased it out again.
I think it just points out the wall of worry theory, while there is lot’s to worry about the real world keeps slowly jugging along until the next bubble/burst.
Had to correct/edit, ask the facilities guy he said it was about 80K sqf.
July 31, 2009 at 7:19 AM #440109Participant[quote=AN][quote=DWCAP][quote=Multiplepropertyowner]All I know is that my 401k is way way up.
P.S.
A 9000 stock market is not all that bubbly.
MPO[/quote]Says who? A bubble can form at any price level is profits dont support the share prices.[/quote]
What’s considered a bubble? The DOW was at ~9000 in 1998. Do you think we’re back to 1998 nominal profit level?[/quote]We (our company owns it, it’s a long story but in 1999 we needed that space) had a building sitting empty (about 80K sqf) since 2006 (ownit mortgage leased from us from 2004 – 2006), we just finally leased it out again.
I think it just points out the wall of worry theory, while there is lot’s to worry about the real world keeps slowly jugging along until the next bubble/burst.
Had to correct/edit, ask the facilities guy he said it was about 80K sqf.
July 31, 2009 at 7:19 AM #440281Participant[quote=AN][quote=DWCAP][quote=Multiplepropertyowner]All I know is that my 401k is way way up.
P.S.
A 9000 stock market is not all that bubbly.
MPO[/quote]Says who? A bubble can form at any price level is profits dont support the share prices.[/quote]
What’s considered a bubble? The DOW was at ~9000 in 1998. Do you think we’re back to 1998 nominal profit level?[/quote]We (our company owns it, it’s a long story but in 1999 we needed that space) had a building sitting empty (about 80K sqf) since 2006 (ownit mortgage leased from us from 2004 – 2006), we just finally leased it out again.
I think it just points out the wall of worry theory, while there is lot’s to worry about the real world keeps slowly jugging along until the next bubble/burst.
Had to correct/edit, ask the facilities guy he said it was about 80K sqf.
July 31, 2009 at 12:18 PM #439656CricketOnTheHearth
ParticipantDWCAP, here’s a Doc Ock tentacle to justify your spidey-sense tingle:
“If we look at the fundamentals of the S&P 500 we find a grim reality:
… That is right. At the end of last month the P/E ratio for the S&P 500 was 134! That is not cheap by any stretch of the imagination. When you put this on a chart it literally flies off the paper
…
(comment on graph: Who needs a man on the moon when we have the PE going there)”
–Dr. Housing Bubble (Scroll down)This was just a couple weeks ago. According to Dr HB’s chart, normal S&P 500 P/E ratios are historically 17 to 47. Now its up to 700??? Just unreal.
July 31, 2009 at 12:18 PM #439856ParticipantDWCAP, here’s a Doc Ock tentacle to justify your spidey-sense tingle:
“If we look at the fundamentals of the S&P 500 we find a grim reality:
… That is right. At the end of last month the P/E ratio for the S&P 500 was 134! That is not cheap by any stretch of the imagination. When you put this on a chart it literally flies off the paper
…
(comment on graph: Who needs a man on the moon when we have the PE going there)”
–Dr. Housing Bubble (Scroll down)This was just a couple weeks ago. According to Dr HB’s chart, normal S&P 500 P/E ratios are historically 17 to 47. Now its up to 700??? Just unreal.
July 31, 2009 at 12:18 PM #440182ParticipantDWCAP, here’s a Doc Ock tentacle to justify your spidey-sense tingle:
“If we look at the fundamentals of the S&P 500 we find a grim reality:
… That is right. At the end of last month the P/E ratio for the S&P 500 was 134! That is not cheap by any stretch of the imagination. When you put this on a chart it literally flies off the paper
…
(comment on graph: Who needs a man on the moon when we have the PE going there)”
–Dr. Housing Bubble (Scroll down)This was just a couple weeks ago. According to Dr HB’s chart, normal S&P 500 P/E ratios are historically 17 to 47. Now its up to 700??? Just unreal.
July 31, 2009 at 12:18 PM #440255ParticipantDWCAP, here’s a Doc Ock tentacle to justify your spidey-sense tingle:
“If we look at the fundamentals of the S&P 500 we find a grim reality:
… That is right. At the end of last month the P/E ratio for the S&P 500 was 134! That is not cheap by any stretch of the imagination. When you put this on a chart it literally flies off the paper
…
(comment on graph: Who needs a man on the moon when we have the PE going there)”
–Dr. Housing Bubble (Scroll down)This was just a couple weeks ago. According to Dr HB’s chart, normal S&P 500 P/E ratios are historically 17 to 47. Now its up to 700??? Just unreal.
July 31, 2009 at 12:18 PM #440426ParticipantDWCAP, here’s a Doc Ock tentacle to justify your spidey-sense tingle:
“If we look at the fundamentals of the S&P 500 we find a grim reality:
… That is right. At the end of last month the P/E ratio for the S&P 500 was 134! That is not cheap by any stretch of the imagination. When you put this on a chart it literally flies off the paper
…
(comment on graph: Who needs a man on the moon when we have the PE going there)”
–Dr. Housing Bubble (Scroll down)This was just a couple weeks ago. According to Dr HB’s chart, normal S&P 500 P/E ratios are historically 17 to 47. Now its up to 700??? Just unreal.
July 31, 2009 at 12:22 PM #439661
CoronitaParticipantI’m so pissed right now.
I sold Ford and Chevron yesterday think Chevron who miss earnings and Ford’s runup would end.Chevron did miss earnings, but it’s up and Ford is $8 now…Goddamn. (had a tiny holding in Ford though anyway).
Still waiting for Shittybank to hit $10. ha ha.
Crawzy
July 31, 2009 at 12:22 PM #439861CoronitaParticipantI’m so pissed right now.
I sold Ford and Chevron yesterday think Chevron who miss earnings and Ford’s runup would end.Chevron did miss earnings, but it’s up and Ford is $8 now…Goddamn. (had a tiny holding in Ford though anyway).
Still waiting for Shittybank to hit $10. ha ha.
Crawzy
July 31, 2009 at 12:22 PM #440187CoronitaParticipantI’m so pissed right now.
I sold Ford and Chevron yesterday think Chevron who miss earnings and Ford’s runup would end.Chevron did miss earnings, but it’s up and Ford is $8 now…Goddamn. (had a tiny holding in Ford though anyway).
Still waiting for Shittybank to hit $10. ha ha.
Crawzy
July 31, 2009 at 12:22 PM #440260CoronitaParticipantI’m so pissed right now.
I sold Ford and Chevron yesterday think Chevron who miss earnings and Ford’s runup would end.Chevron did miss earnings, but it’s up and Ford is $8 now…Goddamn. (had a tiny holding in Ford though anyway).
Still waiting for Shittybank to hit $10. ha ha.
Crawzy
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