I know several people that are using the recession as an opportunity to pile up more student loans and get yet another college degree. Most are intelligent and qualified to do whatever they want, but think they are incapable because more and more professions now are requesting additional or specialized degrees. There is [...]
Not that anyone should care what I think, but I’m still bearish. I wish I could wake up one morning, review the data and become bullish, but I can’t. History tells us that true bull markets never start from valuations this high and that investor confidence is never restored until an effort has been made [...]
It is time to review my 2009 Financial Predictions. It seems like a million years since I wrote that post.
S&P 500 – By the end of 2009 it will hit 633. This estimate is based solely off earnings ($42.26 x PE of 15). That is a conservative number. If you use a 12 PE, the number [...]
The top financial story this month is the impending crash of the US Dollar. I do not know if the US Dollar will crash and if it does, when it would occur. Everyone seems to be looking at only half the equation. Let us discus that half first.
Our deficits have exploded [...]
I saw leaves falling from the trees today. Are we getting close to a stock market correction?
The market is WAY overvalued.
From Dave Rosenberg today:
The trailing price-earnings ratio on operating EPS is 26.5x. At the October 2007 highs, it was 18.8x. In addition, when the S&P 500 is trading north of a 26x P/E multiple on [...]
