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My Poor Sister

Recs

5

December 27, 2007 – Comments (3)

So, how do you ruin a good name?  Well in John Crapper's case he invented a toilet...

It seems this subprime mess has now been code named Norma...

My poor sister.  I think Merrill or Prince might be more deserving.

3 Comments – Post Your Own

#1) On December 27, 2007 at 11:54 AM, dwot (63.52) wrote:

Hard landing recession, arguments by Nouriel Roubini.

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#2) On December 27, 2007 at 2:19 PM, dwot (63.52) wrote:

I just can't write more blogs, I've done so many this month. Here's another article, 3rd quarter earnings were down 4.6% from a year earlier.

 

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#3) On December 27, 2007 at 2:55 PM, dwot (63.52) wrote:

So, I went back to look at where the S&P was at the end of the third quarter last year and it was at 1339, so currently it is at 1483, which makes it 10.8% above what it was last year yet, yet now earnings are down 4.6% from what they were. 

Should that mean the market goes down 4.6%?  That would put relative valuation at 1277 based on performance.

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