November 23, 2009 –
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RELATED TICKERS: AAPL
, HDB
, BRF
The S&P 500 increased almost straight line by just under 10% per year from 1950 until just before the crash one year ago. Project that increase and the S&P should be at 2000 sometime next year (currently approx 1100). [more]
June 05, 2008 –
The health care sector had a great run until a few years ago. As always, the speculators pushed the prices up too high too fast and we've had a correction the last few years. [more]
June 03, 2008 –
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RELATED TICKERS: AAPL
The title of David Gaffen's post in the WSJ is "The end of Apple's Golden Age?". I checked it out since I believe Apple's Golden Age is just beginning. The day is coming when the Mac operating system will be as dominant as Windows is/ has been. [more]
June 02, 2008 –
Only 12% of the CAPS community have positive scores (i.e., are beating the S&P 500 so far).
I can think of a few guys who would have predicted this.
May 28, 2008 –
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RELATED TICKERS: FCX
, PBR
, RIG
A bubble is not defined by a rapid rise in prices, a bubble is defined- or, more accurately, can be identified by- a rapid and unsustainable rise in the P/E ratio. The P/E's of tech stocks in 1999 were obviously unsustainable- even if they continued to grow fast, the prices would have to have stayed flat for a long time just to bring the P/E's back to realistic valuations. And, in fact, the prices dropped and sales continued to grow and today tech stocks are realistically valued for the most part- but if you bought in 1998 you haven't made much money in the last decade even if your company's sales have tripled- the growth was already (over-)priced into it when you bought it. [more]