Soon the stock bubble will pop!

Discussion in 'Economy' started by Neubarth, May 26, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    STOCK MARKET CRASH? Not today, but soon.

    GDP down over 6% annually.
    Industrial production is down 13% in 12 months and still falling
    Actual Unemployment near 18%
    Retail Sales plummeting without restraint.
    Car Sales plummeting and two of the Big 3 nearly dead..
    New Housing Starts down to 20% of former levels.
    Home sales (including repos counting as a sale) down by 50%
    House values falling and falling and projected to keep falling and falling.
    Business real estate falling and falling and falling and projected to fall even further than housing. This is hurting the banks.
    Banks failing ever week.
    Durable Orders. Most people simply are not buying anything beyond absolute necessities.


    And to top this all off, we are looking as the greatest stock bubble we have ever seen in the world. That is right, on Price to Earnings valuation this is the greatest stock market bubble in history, just two years after the second greatest stock market bubble burst.

    The average S&P500 P/E is Sixty. Unbelievable!

    POP!
     
  2. Paulie
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    Paulie Platinum Member

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    Neubarth, you're bi-polar.

    Seek help.
     
  3. wimpy77
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    wimpy77 Member

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    looks that way huh?
     
  4. Paulie
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    Paulie Platinum Member

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    Keep in mind, Neubarth changes his mind daily. One day it's doomsday, the next day we're out of the woods, and then it's wash rinse repeat.

    I'm convinced the guy knows diddly fucking squat about ANYTHING.
     
  5. alice123
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    alice123 Rookie

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    :)
     

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