Tuesday, June 13, 2006
Oh, the humanity!
Down 1.7 percent today. That about says it all. For what it's worth, I think we hit bottom today. Those people who think this is 2000 and we are in a new bear market are wrong. Back then, the more speculative stocks that were getting hit had horrible fundamentals (little revenue, huge losses). The speculative stocks getting hit now (such as energy and commodity stocks) have strong fundamentals. This time is different. I hope.
# posted by Stockcoach @ 10:26 PM 
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"The speculative stocks getting hit now (such as energy and commodity stocks) have strong fundamentals."
Well, fundamentals can and do deteriorate in a recession. The stock market, as they say, looks ahead. So does the inverted yield curve.
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Well, fundamentals can and do deteriorate in a recession. The stock market, as they say, looks ahead. So does the inverted yield curve.
# posted by 
: 10:36 PM, June 13, 2006
: 10:36 PM, June 13, 2006 << Home
