Posted by Cockneyrebel on 21/October/2009 at 20:13:
In Reply to: i am commenting on the general scheme of things cockney posted by LP12 {ver1.2} on 20/October/2009 at 23:10:
that aside it really sounds like you missed the bounce and now you're trying to convince yourself that it's all going bad at some point soon.
How much have you missed? The biggest rally in 100 years. I dare say if you'd been bold enough to buy heavy last March you'd now be taking a different view.
All those little co's that are doing better than expected add up to indicies doing better. I used individual stocks to illustrate that - there's loads that have been raising guidance.
Co's have slashed costs and any sales increase will go much more to the bottom line. Case in point - YULC - they will do near record earnings this year yeat the shareprice fell from 250p to 40p. Again if they do 23p eps this year why were they only 40p in April unless the market had oversold in a big way?
There are loads of stocks on single digit PE's, many on PE's of 6-7. While those ratins are about and while forecasts are rising then the market isn't getting cheaper here if it stands still and if it falls the PE's get much much lower.
It's not going to happen imo, not while confidence is increasing.
Pimco, the US's biggest bond fundf managers now want to trade equities - even they can see cash is going to move from bonds to equities.
CR
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