At a forward PE of 14.5 for the S&P 500, it's not the time to sell everything. Especially a cheap stock like AAPL which is selling far below the PE of the S&P 500. Bought some closed end bond funds yesterday at a big discount of as high as -10%, but they continue to be down more today.
I'm not certain that the posted date of the 5th is accurate. I read something the other day that said it wasn't set so I went to Ebix's website and no date was listed. I see that Earnings Whispers has the 9th before market opens but says that it is not confirmed. I find them fairly accurate. So it's a good chance that it is the 9th. Ebix is probably getting all their ducks in a roll for this release and won't confirm until they do.
I watched and learnt that shorts are dumb money as usual.
Yes, the SEC doesn't give a frick about investors. I'm about ready to give up on individual stocks altogether because of it. I started thinking about it 2 years ago when Intel was hit by nearly 10% in one day due to a hit article by a supposed tech guru. It told me that even large caps aren't safe from shorts. The author wrote that Apple would no longer use Intel chips within 2 years. Right!! His "opinion" was sure valid since it was an impossibility that Apple would turn its back on their legacy products. It would have been financial suicide for them. I hope that the author was well paid for his effort since that "opinion" made someone very big bucks in one day. The SEC probably didn't even give that incident a moments glance.
Shorts rarely go away. They are compulsive gamblers at heart. If they lose, they want to come back to get even; if they win, they want to come back to get more. But it's really the thrill of the game that drives them. Today's pricing is no surprise to me; they are trying to shack a few shares loose before earnings and at the same time lower the stock price prior to earnings. Another timely "news" article is probably being prepared for just before or just after earnings. "News" and fear are their two best friends. They want to keep things stirred up so that investors finally sell in frustration or fear. That's my observations from here and elsewhere.
My wife buys most of her undergarments and PJs from Soma now. My wife still likes Chico's but says that the fabrics and styles are not as consistent. She likes natural fabrics, but there are fewer garments made from them now. Overall, she still is a big supporter of their stores.
In our most visited mall, Coldwater Creek decided to move their store across the walkway from the Soma/Chico's store fronts. Bad idea for them. I think that it will increase the sales for Chico's at the expense of Coldwater Creek.
So far it has just been a skirmish; the real war hasn't even begun yet. Lack of future Google support for android won't help samsung and others.
IBM is more of a business service company that uses technology rather than a technology company that provides service.
Google is riding a dead horse in two races (PC and Mobile) and hoping that a new colt will be born to take its place. Before that colt is old enough to ride, Apple and maybe even Microsoft will be across the finish line and both races will be over. Sell Google and buy Apple, the first place winner in both races with Microsoft coming in second.
There's just not enough willing sellers at this price and the company is buying what it can cheaply. Shorts are between a rock and a hard place to cover. Any significant buy from the shorts could cause a squeeze to ensue. So they are buying back slowly and hoping for bad news and crossing their fingers and toes. If no bad news, they'll try to generate it themselves as informed anonymous insiders in a Bloomberg article. It's coming soon to counter the earning's results.
Interest rates are up and bond prices are down. That won't help with MetLife's bond portfolio and book value. I don't expect that the stock will suddenly trade over book value. Regulation will dictate where and how much is invested in the future and will effect earnings.
When do you think that Boomberg publishes another article with anonymous informers? The price is rising fairly fast; it's about time for one or at least another rehash about past news.
She says that she needed it all! Especially those 2 pairs of PJs she added to her collection. And some say that the heat wave will hurt retail including back to school. Never believe any reports or polls; there's other ways to cut monthly bills to pay for electricity besides clothing.
There are primarily 3 different types of investors who post on the message boards.
1. Those who don't know anything: approx. 10%
2. Those who know a little: approx. 10%
3. Those who don't realize they don't know anything: approx. 80%
The current forward 12-month P/E ratio for the index is 14.5. This P/E ratio is based on Thursday’s
closing price of 1690.25 and the present forward 12-month EPS estimate of $116.93. The 10 year average has been 14.1 so the market could continue higher since it is only slightly over the 10 year average.
The current 12-month forward P/E ratio is 14.5. This P/E ratio is based on Thursday’s
closing price of 1690.25 and forward 12-month EPS estimate of $116.93. The market could go even higher with earnings expectations as stated and continuing low interest rates.