The market is definately undervalued, unless its overvalued, none of which seems to matter,once fear and greed kick in.
I know I bought Ford stock at $1.75 a share. I think it was undervalued.
PE ratio on google hit 100 today, assuming I heard correctly.
A little rich.
BTW, the general consensus for the stock market graph to look like a square root sign. Some folks, think its going sideways for a long time to come. This is earnings week. Alcoa didnt make it. Intel did I think.
Just about anyday you want, CNBC will trott out a Bear and he will tell you why the market is going back down. Mostly cause he wants it to. Just wait till ford has a bad quarter. Back down to 8 bucks and youll have lost 3 dollars plus the 10 you paid to buy it. Hope you bought a thousand shares dave. Remember, pigs get slaughtered. Sell now. One recall away from 8.
Seriously, if they miss their qtr, by a penny per share, it will tumble.
While you watch, listen for any democrat that comes on about taxes. They all say the same thing. Stock market and the economy went way up during Clintons tax increase. It was preplanned of course. Al Gore invented the internet and Clinton had a bowl movement and they named it Bill Gates. People forget the tech boom and the crash in 99.
Bush didnt deserve credit for the economy cause he didnt make the dam home loans to a bunch of dead beats in the first place. Not smart enough. All the mortgage back securities? Lots of Cities, lost out on that stuff. The whole thing was a house of cards. People were warned and they did not listen. They had a show about one guy who predicted the whole thing. He presented to Lehman or someone who told him to mind his own business. Guys who invented the securities also lost their jobs. Math wizards.