QUOTE(skiddtrader @ Nov 7 2010, 09:18 AM)
Is it even plausible to have a superbull these days? With all the 'savvy' retail investors that are 'aware' of the 'value' of their shares. Is it possible to push our index counters beyond 30x PER?
My viewChance of superbull across is low, index may go higher, some good stocks may soar, but not across the board.
Damage is done on those penny, PN17, accounting issue that had resulted retailers lose a lot of money and more importantly confidence.
In 1993, there is little issue on accounting issue, company being abandoned, PN17.
How many company being delisted due to PN17?
The number is quite staggering as well.
QUOTE(yok70 @ Nov 7 2010, 02:53 PM)
Fed has no choice but to continue pushing QE2, even QE3...look at recent election in US, people show interest of FAST ACTIONS to Obama, they have no patient to wait. Look at Europe, people don't want to share the pain with government from their long time comfortable lifestyle, and they riots.
People are selfish, we all were educated that way since we were born to this materialize world.
Quick cure has side-effect. People are selfish, we all were educated that way since we were born to this materialize world.
Slow-cure is better for long term health.
Cannot always take antibiotic whenever sick, sometimes just need some rest and let the disease goes away itself.
It is same with economy.
But I understand modern day people always like the quick option.
Nov 7 2010, 05:03 PM
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