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Posted by phil scott on August 25, 2008, 12:14 pm
> When aeronut started his posting, the DJIA was 6,500.....He was saying th=
en
> that the market was overpriced.......
> Today, at 11,600 DJIA, he says it's only 20% overpriced meaning he thinks
> it's now worth 9,300.......
>
> Why has he upgraded his original valuation of the market by over 40%???
>
> Has aeronut turned bullish???
>
> What does he know????
Inflation adjusted (actual inflation, not from the bogus CPI numbers),
the dow IS well below the 6500 dollars of the mid 90's..... and it is
still vastly over priced...given the collapse of its US consumer
economy support base
still trillions of dollars will be made surfing the mess.. but not by
the average investor, these are simply being sheared... it is the
insiders calling the shots that know what will drive their stock...
they buy and sell in advance of those moves... and no. you cant
anticipate it... by the time you find out what the president of bogus
corp had in mind, that water is already under the bridge.
now come the chinese... it wont be pretty.
imo
Phil scott
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