tag:blogger.com,1999:blog-6616959642391988608.post5770166640926397272..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Coincidence? (2)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6616959642391988608.post-50172987636282758722009-03-04T16:27:00.000-08:002009-03-04T16:27:00.000-08:00Celente has a slick website. The only thing missi...Celente has a slick website. The only thing missing is the obligatory picture of him with Bill Clinton...Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54644783078513821452009-03-04T16:21:00.000-08:002009-03-04T16:21:00.000-08:00Mike: You've got it exactly!Mike: You've got it exactly!Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12396940650133630242009-03-04T15:47:00.000-08:002009-03-04T15:47:00.000-08:00If it is the end of the world as we know it, it wo...If it is the end of the world as we know it, it won't matter how much money you have. So I'm willing to bet that it's not and go "all in".Mike Eliasonhttps://www.blogger.com/profile/15035227065407574760noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12632679272550016072009-03-04T09:48:00.000-08:002009-03-04T09:48:00.000-08:00According to Gerald Celente, we may indeed be on t...According to Gerald Celente, we may indeed be on the way to "the end of the world as we know it."<BR/><BR/>http://www.trendsresearch.com/<BR/><BR/>I hope Celente and the market are both wrong.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3157971196013924772009-03-04T09:21:00.000-08:002009-03-04T09:21:00.000-08:00Scott, have you thought that it actually might be ...Scott, have you thought that it actually might be "the end of the world as we know it"??Jeffhttps://www.blogger.com/profile/04068805988034886750noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6793673944771374642009-03-04T08:13:00.000-08:002009-03-04T08:13:00.000-08:00Caz: I fail to see the logic in your argument. Why...Caz: I fail to see the logic in your argument. Why were people taking off their longs? The market has obviously taken a huge beating in the wake of the emergence of Obama and his policies; could that not be at least part of the reason for the selloff?Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71177799666980200412009-03-04T07:24:00.000-08:002009-03-04T07:24:00.000-08:00Caz . . .Is that an acronym for "Cranial Activity ...Caz . . .<BR/><BR/>Is that an acronym for "Cranial Activity Zero?"Unknownhttps://www.blogger.com/profile/06816556258682440933noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50268775157685470582009-03-04T06:03:00.000-08:002009-03-04T06:03:00.000-08:00Caz,I'm missing the reason you think the market lo...Caz,<BR/><BR/>I'm missing the reason you think the market loves Obama. Is it his tax hikes on the most productive? His budget monstrosity and unsustainable deficit projections? His protectionism? Cap-and-trade? His demonization of the wealthy? Clearly, every time he, or one of his tax-cheats in the cabinet, opens their mouths for a major announcement the Dow drops like a stone.Paulhttps://www.blogger.com/profile/00842065702455026249noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56148961408022214992009-03-04T05:57:00.000-08:002009-03-04T05:57:00.000-08:00Caz wrote: "The S&P has been rallying of...Caz wrote: "The S&P has been rallying off Obama on TV since October."<BR/><BR/>On Oct. 1, 2008, the S&P 500 was at 1161. Yesterday it closed at 700. So who's being fallacious here?Jon S.https://www.blogger.com/profile/14840074248344452572noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30493642122063699182009-03-04T00:43:00.000-08:002009-03-04T00:43:00.000-08:00This is just obviously fallacious.The S&P has ...This is just obviously fallacious.<BR/><BR/>The S&P has been rallying off Obama on TV since October.<BR/><BR/>The mkt rallied INTO the election, and INTO his inaug. The subsequent sell offs were people taking off their longs.<BR/><BR/>This is a good blog, but your recent posts on this stuff reek of Republican agitprop talking points.Cazhttps://www.blogger.com/profile/09049978895017885698noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38268917932180382252009-03-03T22:28:00.000-08:002009-03-03T22:28:00.000-08:00The article you cite makes some very good points, ...The article you cite makes some very good points, but it neglects to mention that economies, like markets, are driven at least in part by expectations of what the future holds. If consumers are extremely worried about the future, for whatever reason, they will (and they have) cut their spending and corporate profits will suffer.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86196507464770907782009-03-03T19:37:00.000-08:002009-03-03T19:37:00.000-08:00I like this post form Barry R in describing the cu...I like this post form Barry R in describing the current situation:-<BR/><BR/>http://www.ritholtz.com/blog/2009/03/markets-are-rorschach-inkbot-tests/Anonymoushttps://www.blogger.com/profile/04277688755087131211noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47865363183173076832009-03-03T17:45:00.000-08:002009-03-03T17:45:00.000-08:00I've talked about market valuation quite a few tim...I've talked about market valuation quite a few times since last October, noting that at the lows of November the market was priced to an economy worse than that of the Great Depression. Corporate bonds were priced to default rates much higher than at any time during the Depression.<BR/><BR/>At today's levels, by almost any metric you choose, the market is not only priced very cheaply in historic Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-2692533528508752482009-03-03T17:27:00.000-08:002009-03-03T17:27:00.000-08:00Even though Obama's policies are disastrous fo...Even though Obama's policies are disastrous for the economy, what do you think about the present valuation of stocks? I was looking at Robert Shiller's history of P/E ratios, and pretty much everytime that the average P/E dipped below 10 has marked a historic time to buy stocks, regardless of what was going on in the economy. In February I believe he indicated the P/E for the S&P Mike Eliasonhttps://www.blogger.com/profile/15035227065407574760noreply@blogger.com