So now, with a whirley-Beanie and sub-20 CAPS Rating
Life is good! Why? Because my CAPS picks aren't with REAL Money!! Whoohoo! My rating has gone from 99.6+ to under 20. Why? Because I thought that the stock market couldn't get any worse.
Here's some wisdom: When you think it cannot possibly get any worse, it will get a WHOLE lot worse!!! Why is that true? I'm clueless, but it seems to be the case.
So I look at S&P P/E averages and saw that they were LOWER than during the depression years and near all-time lows. So, what did I say? "It can't get any worse!"
So I looked at GE with a single-digit P/E and said "It can't get any worse!".
So I looked at the Fed Bailouts and the improved Accounting Rules and I thought "It can't get any worse!".
Then I looked at GE's fire sale of shares to Buffet and others at nearly HALF what it had been BUYING the shares for during the last 5 years, and I thought "It can't get any worse!".
So I looked to the Natural Resource Buys - ConocoPhillips with a P/E in the 4's and Massey Energy with a P/E in the 3's and thought "how in the WORLD could it get any worse!".
And it got worse! Buy when there's blood in the streets? Someone is squeezine the dang corpses like so many tubes of toothpaste.
It can't get any worse!! . . . . . Can it?