But everyone thinks their own stocks are cheap. Maybe not.
You think AAPL cheap. I think HPQ cheap.
I think AMZN expensive, but some say if you are patient 20 years.
I think FB expensive, but they say invest for the long run.
They say gold is cheap, but it is up 250% for the past 10 years.
Here is my take. It is all about perception. Monster Gene said 240M iphones. well it didn't happen. So down AAPL goes. Selling pressure continues.
They say the world is ending. But it is not. No risk. If there is no risk. Banks are cheap. Housing is rising. People will chase house available. Suddenly, you feel good again. Yes. people are buying houses again.
Market is ahead of itself. It has been and always.. Going down or up.