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Joy Global, Inc. Message Board

  • chetgillespie chetgillespie Dec 12, 2012 1:23 PM Flag

    It May Take 10 Years

    but it's as obvious as the sun shining that JOY is headed to $5 or less. The commodities boom - like all booms - is destined to go bust. The current boom is predicated on one premise - the infrastructure growth in China. The problem with this cozy, 2 second macro analysis is that China is likely the most corrupt industrial power in the world with nearly every commentator publicly stating that nobody believes the numbers coming out of China. The truth will reveal itself eventually; the Fed will no longer have an impact on the markets and investor sentiment will eventually get to the point of pure disgust with equities. At that point, JOY will be trading back to its pre-commodities boom price below $5. Again, don't expect that to happen anytime soon. The world's govt's, central bankers, bankers, corporate execs, insurance companies - nearly everyone - has showing an enormous propensity for booms and bull markets and will do nearly anything to keep the party going. Don't expect 1982 until 2021.

 
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