You really think the P/E was responsible for today?
I got a beef...After careful observation, it's safe to say that athletes have more brains than stock brokers, and market managers.
How can we let something like Russia or Japan push our equity markets downward?
No new news!!!
Japan has been in an eight year recession, and that's being modest. Some foreign market analysts have said longer.
Mikhail Gorbachev, that's right...the guy Yeltsin replaced...said that opening their markets to capitalism would be at first more difficult for the Russian consumer, but better in the long run.
Who would invest in these markets knowing these situations?
Republic National Bank and Citi-group? Hey, Deutsch Bank has much, much more than our two US banks.
So this is bullshit...we have arguably the strongest economy in our nation's history, low unemployment, low inflation, booming home sales in the summer months, low interest rates, high consumer confidence...
The only indicator Japan and Russia influence is future earnings growth. I've got no new news to offer...If our technology is better, they'll buy it, somehow...
Pocket the freakin' IMF loans...
We need some educated people running the show on Wall Street. They say the focus is now on the small investor, on CNN. I've got news for them, this downward spiral was not created by the small investor.
No, this was caused by some stupid idiots who couldn't get into medical school, failed out of engineering or pharmacy school, got a communications degree at some liberal arts college, and somehow managed an MBA...
I certainly agree with your assessment about the small investor. This sell-off is surely an institutional affair to this point. And the triggers are being pulled by 30 year old, red suspender-wearing, over paid money managers, who trade in the exact same mix of issues as all their colleagues. They are proving to be gutless-wonders we always knew them to be.