Ags Nightmare Posted December 3, 2010 Report Share Posted December 3, 2010 Listening today to the professional dart throwing monkeys on CNBS was very educational. Logically it made no sense but I learned a whole lot about investing. The main premise? You must believe forward looking earnings projections without thinking. It is black and white. Joe “Eddie” Terror Nova and Timmy Seymour Butts were crowing about the S&P estimates for next year being raised to $93 making the absolutely useless forward looking price to earnings multiple at 13. When things go against these clowns, they couldn’t catch a fart in a spacesuit. Their conclusion? Cheap stocks. Real cheap. Cheap as ever in history. A few missiles get launched somewhere in the world, buy tech stocks. People will rent more war movies. First, wtf is a stock anymore? Does buying a moving space needle represent ownership in a company or does buying a symbol resemble Slim Pickens riding a rocket in Doctor Strangelove? Conclusion: Horse crap. Let’s guess if your number goes up. Get out if your number goes down. Warning. Do not confuse SYSCO with CISCO when Cramer pumps it. Second, how in the hell can these clowns actually think that with commodities, oil, and food prices skyrocketing, margins are not about [...] View the full article Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.