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re: Is the market ready for a correction?

Posted on 2/1/11 at 11:04 am to
Posted by LSUKTR
Baton Rouge
Member since Nov 2005
1489 posts
Posted on 2/1/11 at 11:04 am to
quote:

God I hope so, I've been out since aug and watched it inexplicably rise 20% on repeatedly neutral or bad news.


That is one of my biggest investment plays and it usually works.
Typically, when the market is buying bad news, I sell; when they are selling good news, I buy.

I really just feel the current market is inflated and the market always finds a way back to the fundamentals. Emotion can only carry prices so far.
Posted by Dr Rosenrosen
Member since May 2006
3343 posts
Posted on 2/1/11 at 11:42 am to
The fundamentals are sound. Expected EPS on the S&P 500 is $96 for 2011. We are still only at about 13-14 times forward earnings at 1300.
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