Recent

% | $
Quotes you view appear here for quick access.

International Business Machines Corporation Message Board

  • p1sorell p1sorell Jun 9, 2014 11:48 AM Flag

    17,000 and Beyond

     

    Dow 17,000 a given in a manipulated market. Big correction follows.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes, it will rise 30% more, then correct 10, A lot of dumb money still sitting on side line whatching it eroding by negative interest rate. When Europe and Japan are printing money, It is hard press not to boost equity value. DOW is only 16 times P/Ewith rising E. Forward P/E is probably 12.

      When the P/E of big banks is at 10 with rising profit, the bull market has a long way to go. Market correct when stocks are over valued. But it is not the case across the board, value still exists. BAC has already cleared the book. Moving forward, it will rise above to 2 times book value. In a word, if you miss out this bull market, you will not be able buy big banks that cheap. It is a global franchise built over many years. The profit margin is still very very heavy with more profits with rising rate. .

    • same song, different day. How many years you gonna sing it?

 
IBM
161.99+1.03(+0.64%)Jul 31 4:02 PMEDT