Bit dangerous to use earning ratios that are months/years old; Buffett has his money in US Treasuries not shares at moment;refusal to admit recession goes along with the lies about CDS etc; analysts saying buy, when have they been right?; commodities are at 2003 levels, so share prices may also; vix high but could go higher. I haven't a crystal ball but this market is likely to overshoot on the downside as it did on the upside. All time lows or highs are likely to be eclipsed. I defy anybody to accurately pick the bottom in this market. There is a possibility of international intervention that will put a bottom in place, but it may also remove any trading possibilities. Limiting the daily movement of the indices may be brought back as it was in 1987. Cash management money withdrawals have already been limited.
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Bit dangerous to use earning ratios that are months/years old;...
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