Monday November 23, 2009 1:14 PM ET
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Good News Has Arrived for Investors
Luskin: profit estimates are up, and that's a good sign for the market.
 
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User Comments
Posted by: grsfinancial
Your Good News is pure hogwash. The S&P500 has a current P/E Ratio of 116 (according to the S&P website and Barrons), but the average long-term P/E Ratio is about 21. This should give you some warning about the DOWNWARD plunge we are headed for. During the dot com bubble we heard, "It's the earnings, stupid." Right now, you should be saying, "It's the jobs, stupid. Where are they?"
JimQu SmartMoney Insiders
10 Comments
Consumer will only take a decade to recover.

http://theburningplatform.com/economy/abby-normal
schpekulant SmartMoney Insiders
35 Comments
The actual Stock Market top (where we are now) has been zigzagging too much.
But the charts warn that any time soon comes the plunge DOWNWARDS.

Schpekulant Suggestions:
1.Keep your money in a safe place. Examples?
Cash
Low-expense Bond mutual funds
Investment-grade bonds
Short and long term Government Bonds
2.Resist temptation to buy stocks just because they look very cheap.
3.Wait. (For many traders and investors this is the most difficult)

Remember you have been warned……….

Remember also that this is just a suggestion, everyone is responsible for his own
investment decisions…. YOU have to take care of your own money.

Chaim Kimelblat aka Schpekulant@gmail.com
Listen with your Brain
Posted by: rockshaw5170
BackType
Comments From Around the Web
Posted by: Paul D on Investment Postcards from Cape Town

Thanks Prier, that’s a mixed bag but makes for some interesting reading.

Posted by: basehitz on Investment Postcards from Cape Town

Thank you for the informative posts. I find it helpful to read diverse opinions as a system of checks and balances. All of us are wrong sometimes. Unfortunately, some are disingenuous in doing so. I don't often call someone out, but in the case of Don Luskin, you may not be aware of some of his history. With the Dow > 14K, he was a loud cheerleader. As the market started to crack in early 2008, he maintained his aggressive stance with phrases such as 'buy with both hands'. After the Dow lost nearly 8,000 points, his articles and appearances started blaming others for his bad calls. And now that we've had a rally (bounce?) he's baaaack. Permabulls and permabears are both useless. In Luskin's case, he also has an attitude problem. Below is a clip of Luskin on Kudlow's show on May 14,2008. Barry Ritholtz also appeared and was concerned about the economy and market. Yet Barry was respectful of other's views. Luskin was smug. Please note in particular the arrogance from Luskin and the ot...(Read more of this comment)

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