They downgrade because they don't know what they talking about or they late to short cover. market will go up from here, I was predited that NASDAQ go to 2500 from 3500. Today SPX500 hit at 52 week low 1305 low at 1294 and closed at 1314. spx500 predition up 1650 from 1575 on 18 months. JBR capital added today that S&P500 maybe good buy later in the day for run into the close. NASDAQ worse case will go to 2300but late to select good stock. this to late to select good stock.
brcm takes every slighest naz bump to run up in an exaggerated fashion. The PE is still ridiculous and the market will never be this insanely optimistic again. Without market support and the tons of money from dumping institutions, mm's, and true believers it will eventually drop to a rational (low) price. Maybe then it will be an actual investment instead of something to trade on it's exaggerated swings. Good luck to all...Woodmeister