tag:blogger.com,1999:blog-32914592.post4086390193474379966..comments2024-02-21T14:18:09.212-08:00Comments on R World: The Jimi Hendrix Monterey Pop PortfolioRon Davisonhttp://www.blogger.com/profile/11972794876337195698noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-32914592.post-89573956630297204562009-03-05T14:04:00.000-08:002009-03-05T14:04:00.000-08:00P.S.If the earnings on the S&P 500 are $50.00,...P.S.<BR/>If the earnings on the S&P 500 are $50.00, times a PE of 12, then the Index will be at 600. If the earnings are $30.00, times a PE of 8, the Index will be 240. Today, it is at 682.55.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32914592.post-65477567175100962012009-03-05T13:32:00.000-08:002009-03-05T13:32:00.000-08:00Maybe, the real economy really is collapsing ever ...Maybe, the real economy really is collapsing ever more precipitously into a negative feedback loop that really is a virtually uncatchable falling knife. Also, maybe it has something to do with the fact that the investment community is still sitting there not knowing just how many more toxic assets are sitting on the banks' and investment houses' balances sheets, how much more collapsing of asset values are in store, and just how much more unwinding is yet to come of the vast amount of leverage (trillions upon trillions) that was built, layer upon layer of 1st, 2nd and 3ed order derivatives, like a huge ponzi scheme, over the past 20 years of American profligacy.<BR/>Look out below!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32914592.post-61465801338907065982009-03-05T01:49:00.000-08:002009-03-05T01:49:00.000-08:00Andy Warhol once remarked that a starlette was "fa...Andy Warhol once remarked that a starlette was "famous for being famous." Similarly, there are stocks that are worth a lot of money because they're worth a lot of money.Anonymousnoreply@blogger.com