Comments on: Is That Recovery We See?

By: usphoenix

usphoenix — Sun, 12 Apr 2009 16:11:13 +0000

@FromLori: No I am not. I am fascinated with the pacing. Obviously, the BO camp views most Americans with a mix of contempt and disregard. Wall Street bankers rule: and their silent foreign partners.

He obviously is dialed into our soap opera memory span.

BO is doing exactly what we should have expected. Even his former pastor said it.

But he made campaign promises we are supposed to forget. And before that he had rolled over on some key issues in Senate votes. That’s when he lost me. And he can always make it someone else’s fault.

I’m just trying to have fun watching the BO legacy unfold, and pay attention to what’s real and “media” imagined.

That’s why I like to use the word “fascinating”.

By: FromLori

FromLori — Sun, 12 Apr 2009 06:34:05 +0000

usphoenix are you really surprised obama is just paying back what he owes

http://www.businessinsider.com/henry-blodget-is-obama-in-wall-streets-pocket-2009-4

By: Itiswhatitis

Itiswhatitis — Sat, 11 Apr 2009 20:10:15 +0000

He is wrong on SS. No crisis anytime soon. Sorry, but Martenson lied and should be called out on his lie.

By: trip

trip — Sat, 11 Apr 2009 17:55:19 +0000

I know I am sophomore trying to manage my meager investments, but could someone explain why the newspaper has the S&P 500 trailing p/e at about 12-13 lately and the .xls form S&P has it as high as 60 last Dec.? I do not remember it going that high a few months back. It there a difference between trailing and ‘as reported’?

By: usphoenix

usphoenix — Sat, 11 Apr 2009 16:32:44 +0000

I am truly fascinated by how our gov will so quickly give trillions to TBTF banks and turn right around and take it away from Social Security recipients that need it the most.

Watch and see what happens.

But the Social Security Trust Fund has been a fraud against Americans from the get go.

I have no way of predicting earnings. My hope is most companies have scaled production back enough and dropped inventory enough to be stable on a cash flow basis. But it is also true whole industries are virtually disappearing.

But there is that spiral thing. And excess capacity fixed costs that can’t be flushed so quickly. And CRE. And the fact the Stimulus money will only be 10% efficient.

By: Rajesh

Rajesh — Sat, 11 Apr 2009 16:32:11 +0000

If low P/E ratios mean stocks are cheap, negative P/E ratios should mean stocks are really, really cheap, right?

By: Steve Barry

Steve Barry — Sat, 11 Apr 2009 13:29:40 +0000

Great piece as usual…key takeaways:

We know S&P500 “as reported” earnings were massively negative last qtr…but so were operating earnings (if you click through the S&P link above , you see -.09). If this situation were not to correct itself very soon, the most dire of stock market predictions will look optimistic.

They are playing games with Social Security based on budgets and the economy and it could be wiped out in the near future.