Comments on: 2010 SET TO START WITH A BANG http://pragcap.com/2010-set-to-start-with-a-bang Thu, 24 May 2012 05:59:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: ES http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10333 ES Tue, 05 Jan 2010 17:01:57 +0000 http://pragcap.com/?p=14904#comment-10333 I see markets more and more as reflection of available liquidity, combined with expectations. Hwoever, it is not expectation fo good earnings that drives the market higher right now but the expectation of very low itnerest rates, which in turn mean more available liquidity. Earnings by themselves dont' explain valuations close to 100 P/E such as AMZN or CRM, for example. I see markets more and more as reflection of available liquidity, combined with expectations. Hwoever, it is not expectation fo good earnings that drives the market higher right now but the expectation of very low itnerest rates, which in turn mean more available liquidity.
Earnings by themselves dont’ explain valuations close to 100 P/E such as AMZN or CRM, for example.

]]> By: TPC http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10319 TPC Tue, 05 Jan 2010 02:49:27 +0000 http://pragcap.com/?p=14904#comment-10319 I think this rally has fooled a lot of people because they see the market as a reflection of the real economy - which it isn't. The market is simply a reflection of reality compared to expectations. And those expectations remain very low right now. That means there is continued risk to the upside. I think this rally has fooled a lot of people because they see the market as a reflection of the real economy – which it isn’t. The market is simply a reflection of reality compared to expectations. And those expectations remain very low right now. That means there is continued risk to the upside.

]]> By: John Doodle http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10318 John Doodle Tue, 05 Jan 2010 02:36:08 +0000 http://pragcap.com/?p=14904#comment-10318 I agree with your bullish call the next few months, markets do not change course unless there are triggers. "Overbought", "excessively rich valuation", "marginal technicals" etc are not very good at predicting turning points. Bears are probably better off standing aside the next 3 months. And if they need to release some frustration in their comments, I can understand that and share the same. But lets hope they do not act rash on their bear instincts and lose big money like they did in 2009. I agree with your bullish call the next few months, markets do not change course unless there are triggers. “Overbought”, “excessively rich valuation”, “marginal technicals” etc are not very good at predicting turning points. Bears are probably better off standing aside the next 3 months. And if they need to release some frustration in their comments, I can understand that and share the same. But lets hope they do not act rash on their bear instincts and lose big money like they did in 2009.

]]> By: TPC http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10307 TPC Mon, 04 Jan 2010 20:30:26 +0000 http://pragcap.com/?p=14904#comment-10307 If anyone can find a reason why the rally will sputter out in the near-term I am all ears. I am completely open to alternatives outlooks. It appears as though every time I turn bullish I get bombarded with baseless attacks.... If anyone can find a reason why the rally will sputter out in the near-term I am all ears. I am completely open to alternatives outlooks. It appears as though every time I turn bullish I get bombarded with baseless attacks….

]]> By: Kwan Zang http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10306 Kwan Zang Mon, 04 Jan 2010 16:36:01 +0000 http://pragcap.com/?p=14904#comment-10306 "investors are very bullish heading into the new year and there is likely to be a continuation of the major trends that helped drive the markets higher in H2 2009." And there will be lollypops and balloons for all ! “investors are very bullish heading into the new year and there is likely to be a continuation of the major trends that helped drive the markets higher in H2 2009.”

And there will be lollypops and balloons for all !

]]> By: TPC http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10304 TPC Mon, 04 Jan 2010 16:24:26 +0000 http://pragcap.com/?p=14904#comment-10304 Time to hire that editor...Thanks. Time to hire that editor…Thanks.

]]> By: reddweb http://pragcap.com/2010-set-to-start-with-a-bang/comment-page-1#comment-10303 reddweb Mon, 04 Jan 2010 16:17:51 +0000 http://pragcap.com/?p=14904#comment-10303 Do u mean "there is unlikely to be major trend 'against' the major themes of H2'09" ? Do u mean “there is unlikely to be major trend ‘against’ the major themes of H2’09″ ?

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