Msg. 20590 of 47202 (This msg. is a reply to
20588 by
capt_nemo)
Jump:
why are we at where we are in this scam?
I read somewhere that, due to all of the merger activity, there are only half as many publicly traded companies as there were 20 years ago. Given that and the fact nobody wants bonds at zero percent interest, maybe the traditional metrics need to be adjusted. I still think we are going to see much lower prices before we see much higher.
I know the feds ran the markets starting in 2008. It would appear their mission is done. So why is it rocketing like it is? I imagine the feds are still the vessel for this ramp job, but the reasons have changed IMHO. I think its the 1 % for they are the ones benefiting from this crazy rise.. Watched a pundit on the tube this morning saying the markets are undervalued, and can support P/E's of 30-35 times earning. REALLY.......... Something has changed with that also, for 10 times earnings was considered rich before 2008. Sooooooooo why are we at where we are in this scam????
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