Post
Topic
Board Economics
Re: Monday 8/8/2011 Judgement day for world stock market
by
HappyFunnyFoo
on 13/08/2011, 09:41:57 UTC
KBundy,

I think you're the only one that has a solid understanding of the stock market here on these forums.  Props for posting the chart and for attempting to inject reason into this looney bin.

On a side note, P/E of financial stocks is so incredibly low now that they're the best buy of the 21st century, second only to March 2009 (I tripled my money in one day on Citigroup!). This, combined with great earnings, an improving job market, falling oil prices, and the simple fact that banks are far, FAR more capitalized than they were in the fall of 2008, should lead to a gentle bull market.

If you had your buy button ready last week, you should be sitting on 15-20% solid gains on financials right now.  Bitcoin is still in the sub $10 crapper.  I'm waiting for that supposed bitcoin price rally...