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Ashland Inc. Message Board

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  • tshih_90630 tshih_90630 Oct 28, 2009 10:33 AM Flag

    Shorts had better cover soon!!!

    I may consider buying some if it goes to 33 or lower, the highest price insiders were selling.
    The biggest problem is that SP500 is traded at PE of 20, highest in 4-5 years when the economy is still in worst recession since 1929 depression. The earning quality was distorted by massive government spending around the world and can not continue forever.
    Economy will recover slowly, yet the market is act as a normal V-shaped recover. I would anticipate that market may even go down after superior performance this year, just like 1973-1975.

 
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