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Re: Coronavirus unleashes investor panic and now the stock market is at a historic oversold level

By: Decomposed in POPE 5 | Recommend this post (0)
Fri, 28 Feb 20 7:26 PM | 26 view(s)
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Msg. 53697 of 62138
(This msg. is a reply to 53693 by micro)

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micro:

Re: "are you using GAAP methods also ?"
I'm just addressing your earlier question of why it might make sense for stocks to go up to absurd levels. The reason is because they are being bought with money that is actually worth NOTHING. Now, if the money was backed by gold, it would be ridiculous for stocks to ever trade at a P/E higher than about 8. In fact, it would be ridiculous for them to trade at all if they didn't issue dividends. But that's not the case...




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: Coronavirus unleashes investor panic and now the stock market is at a historic oversold level
By: micro
in POPE 5
Fri, 28 Feb 20 7:08 PM
Msg. 53693 of 62138

De,
are you using GAAP methods also ?


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