Oct
9th
Thu
9th
I pulled this chart off of Google. If you look at my very crude trend line since 1980, it shows that we should be somewhere slightly south of 8,000.
This is the bottom (or we are pretty close to it). Time to take whatever money you have and start buying stocks like:
GE- P/E less then 9
ATT- P/E of 10
IBM- P/E of 10
Exxon- P/E of 9
Amazon- P/E of 40, put it in to show you how low the other companies P/E’s are
I am in no way a stock guy but you have to look at the above and think that this is fish in a barrel time. The world is not coming to an end, just a lot of hedge funds over levered and people in the finance industry lost their minds sometime in the last 36 months.
The world is still in a growth mode… I am positive, call me crazy.
