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ProShares UltraShort Dow30 Message Board

  • tim_zanni tim_zanni Nov 8, 2008 9:40 PM Flag

    Reality

    no need to cheerlead......just face reality.....

    http://articles.moneycentral.msn.com/Investing/JubaksJournal/whats-scary-about-this-recession.aspx?page=1

    "Cheap stocks? They're an illusion": Wall Street analysts are still playing catch-up with a slowing U.S. economy. As of Oct. 29, 2008 the day before the U.S. government announced that the nation's economy had contracted 0.3% in the third quarter of 2008, Wall Street was projecting that earnings on the stocks in the Standard & Poor's 500 Index would fall 6% in 2008 from 2007 and then show a 16.9% increase for 2009. Citigroup, which came out with its own forecast that day, is projecting a 12.4% decline in 2008 earnings and a 13.5% drop in 2009.

    Keep that in mind when you start thinking stocks are cheap based on trailing earnings for the past 12 months or on projected 2009 earnings per share. Seems like projected earnings have a ways to go to catch up with economic reality.

    When you could borrow at an interest rate below the inflation rate, thus ensuring that, in real terms, you paid back less than you borrowed? After all, the bull market, fueled by this borrowing, virtually guaranteed a profit.

    like I say......dont be fooled by fools!

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