Surging Profit Estimates Signal 26% Rally for S&P 500 (Update1) - Bloomberg.com
I guess this is how investors/analysts justify buying every day. "Growing signs the economy has bottomed..." Really? And where would that be? I am going to post a Green Shoots missive when I get into the office.
The idea that we return to peak margins and even average multiples is a real stretch in my opinion. Revenues are down huge. (See my July 26th post on Revenues) Government is heavily involved in the economy. This is the street chumming the waters....
Monday, July 27, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.