Use access key #2 to skip to page content.

Things you might be saying come 2009

Recs

3

June 24, 2008 – Comments (4) | RELATED TICKERS: COP , GE , KKD

Here are some things I think investors might be saying to themselves in 2009:

1)  I KNEW 2008 was an election year, I just forgot!
2)  Why didn't I buy all those oil & gas companies when their P/E's were single-digits!!
3)  Why didn't I see the same supply & demand issues with Gold, after seeing it with Oil & Gas and then with Coal?
4)  You mean OPEC DOESN'T have millions of barrels per day of excess capacity?
5)  Why didn't I see the potential impact of all the short-selling ETFs?
6)  I thought Obama said he would CUT my taxes!!  Why the huge INCREASE?  Is that the "change we can believe in?!?"
7)  Why are things so chaotic in Iraq and Afhganistan, I mean, the U.S. troops all pulled out, shouldn't that create peace?
8)  You mean I could have bought GE with a P/E of 11?  How is that even possible?!?
9)  Whip Inflation NOW!!
10)  How in the world did all those home-builders survive?  You mean people are STILL buying houses?!?

4 Comments – Post Your Own

#1) On June 24, 2008 at 9:40 AM, chk999 (99.97) wrote:

2)  Why didn't I buy all those oil & gas companies when their P/E's were single-digits!!

 

Oil & Gas are cyclicals and the standard approach is to buy the cyclicals when their PE ratio is very high (because earnings are so low in the trough of the cycle) and dump them when the PE ratio is low (because earnings are unstabily high). It could be argued that this time is different and there will be no O&G cycle, but I find that argument hard to buy. 

Report this comment
#2) On June 24, 2008 at 9:50 AM, ajm101 (31.89) wrote:

6)  I thought Obama said he would CUT my taxes!!  Why the huge INCREASE?  Is that the "change we can believe in?!?"

Yes, I'd rather have Republicans in office that will lower my taxes, but not have the discipline to offset it with decreases in spending.  Hooray for deficit spending and a weaker dollar!

Report this comment
#3) On June 24, 2008 at 10:53 AM, leohaas (31.63) wrote:

I will definitely NOT be saying any of these 10!

Report this comment
#4) On October 14, 2009 at 11:13 PM, ozzie (99.95) wrote:

So, it is October 2009.  How did I do?

1)  I KNEW 2008 was an election year, I just forgot!
NOPE - 2008 ended worse than it started. 
2)  Why didn't I buy all those oil & gas companies when their P/E's were single-digits!!
Not Yet - No big compelling reason yet for buying O&G Co.'s
3)  Why didn't I see the same supply & demand issues with Gold, after seeing it with Oil & Gas and then with Coal?
CALLED IT!  Even with "Cash4Gold" and their ilk, prices hit alltime highs!
4)  You mean OPEC DOESN'T have millions of barrels per day of excess capacity?
NAH - looks like they do still have some levers to pull - though this might be more obvious if/when the world economy improves.
5)  Why didn't I see the potential impact of all the short-selling ETFs?
Nah - not yet - the impact may be there now that the Dow broke through 10,000 - we'll see.
6)  I thought Obama said he would CUT my taxes!!  Why the huge INCREASE?  Is that the "change we can believe in?!?"
Not yet, but the increases are almost certainly on their way!
7)  Why are things so chaotic in Iraq and Afhganistan, I mean, the U.S. troops all pulled out, shouldn't that create peace?
CALLED IT!
8)  You mean I could have bought GE with a P/E of 11?  How is that even possible?!?
P/E actually went down to the 4's in March, and is still only in the mid-teens.  So it got worse and still hasn't gotten better.
9)  Whip Inflation NOW!!
Hold that thought :-)
10)  How in the world did all those home-builders survive?  You mean people are STILL buying houses?!?
Called it!!  No major shifts (e.g. everyone renting apartments now) in home purchasing trends.  This still might change once the $8000 tax credit ends, however.

Report this comment

Featured Broker Partners


Advertisement