Posted by morton13 on 21st of Sep 2011 at 09:29 am
these may be some of the old leaders. there is always
rotation into new leaders and i'm seeing green shoots and signs of
life. aapl is the market leader and it broke out a couple of
days ago. take a look at HANS, CMG, CELG, NEM, RGLD,
ELGX. Netflix has probably had its day. MSFT has been
counted out for dead and is now coming back to life. even
CSCO is coming back to life. valuations are historically
cheap what is missing is confidence. once that comes back look at
we will be off to the races!
Posted by lessarda on 21st of Sep 2011 at 11:19 am
that is, when it really bottoms out. The con(fidence) game is
over for a while and has only been artificially maintained through
life support in the past few years. The fed could bring bigger
paddles this time, but global debt crises force balance sheet
contractions that don't get solved with liquidity and they don't
get solved quickly or without more pain than has already been
suffered. Valuations will be historically cheap when P/E's are in
the single digits and index yields are near 6%.
rotation, rotation, rotation
Weight of the Evidence
Posted by morton13 on 21st of Sep 2011 at 09:29 am
these may be some of the old leaders. there is always rotation into new leaders and i'm seeing green shoots and signs of life. aapl is the market leader and it broke out a couple of days ago. take a look at HANS, CMG, CELG, NEM, RGLD, ELGX. Netflix has probably had its day. MSFT has been counted out for dead and is now coming back to life. even CSCO is coming back to life. valuations are historically cheap what is missing is confidence. once that comes back look at we will be off to the races!
I'll be watching consumer confidence for a buy signal any year now...
Posted by lessarda on 21st of Sep 2011 at 11:19 am
that is, when it really bottoms out. The con(fidence) game is over for a while and has only been artificially maintained through life support in the past few years. The fed could bring bigger paddles this time, but global debt crises force balance sheet contractions that don't get solved with liquidity and they don't get solved quickly or without more pain than has already been suffered. Valuations will be historically cheap when P/E's are in the single digits and index yields are near 6%.
And I forgot a couple of others such as...
Posted by morton13 on 21st of Sep 2011 at 10:14 am
WPRT
http://stockcharts.com/h-sc/ui?s=WPRT&p=D&yr=0&mn=9&dy=0&id=p92063057848&a=243697412&listNum=3
AMZN, DPZ and RTH has been holding up well and outperforming the S&P500 another good sign.