Home News The stock market is turning into a sloppy, ugly mess—and it could...

The stock market is turning into a sloppy, ugly mess—and it could get worse – MarketWatch

988
0

I have never been a technical analysis guy.  To me, it’s like trying to predict the weather a month from now, or reading tea leaves and palms.

In this article, points 1, 2 and 4 are all technical points.  Point 3, however, is a general fundamental analysis point.  Do earnings justify an extremely high P/E?  Remember if you invert the P/E, you get the earning return on your price for the company.

There are few bargains in today’s market.  If you invest in the average stock, you are looking at a very poor return in the next 10 years.  It’s time to be extremely selective, rather than be openly buying.

 

Read Full Story: The stock market is turning into a sloppy, ugly mess—and it could get worse – MarketWatch