GE pps= 16
It's all about what they will earn in 2026.
Looks like the house price bubble all over again with cat and the stock market.
Remember 1929 and the big run up afterwords,then the big drop which took untill ww2 to recover.
You know it's coming, the question is when.
China buying hummer from gm for 150m
Wonder what they can buy cat for in a few years.
hey grand, I'm 57 at this time, still live in a CO ski town and love it, been skiing for 42 years and still have some of the best days ever. Thing is, I can't go out after a hard days skiing as I did as a young whiper snapper. Come around mid April winter certainly gets old after the ski mountain closes.
You make some very good points. When some of the major currency shoes drops, it's hard to forecast exactly where they will fall, and who will get hurt in the process. We're definitely in a whole new ballgame and it's anybodys guess as to how it will all shake out. For Caterpillar, it could be good or bad, but for the USA it has nothing but bad implications.
Morning to my Pekin neighbor. I do agree that the gov saying they want a strong dollar is bogus. They KNOW the only way to pay off debt is with inflated money. On the other hand a week dollar make our exports cheaper and imports more expensive which incourages our consumer to buy american goods. But It does produce inflation usually sooner or later. That's very destructive to any sound foundation.
Well, gran, it's kinda like a small leak in the dam. It can be patch over and over again, but never really knowing when the leak comes that will be to big to fix. Being at the top is kind of like dying, we know the falls coming but when.
Take a look at AA, Last four qts EPS. ($1.09) total with a positive $.04 this qt. If they based it on all four qts, the P/E would be NA, based of last qt. P/E 140. Rational, you tell me.
I heard an interesting stat. yesterday. The average rally off a low as in March is 70% Running the numbers that's S&P 1139, Dow 11,050 Yes they have had bigger percent rallys, but I'm wondering how many with these UE numbers, deficit, and the smoke and mirrors going on by the feds to get us to buy, buy. buy.
When a rally is built mostly on the fear of missing out as a foundation, the house of cards will fall all that much faster. Most everyone knows these facts and thinks they can see when the top is near and get out. If anyone thinks last falls turnover was quick, this turnover will leave the last one at the starting gate.