Comments on: Lowry Research: Turbulence Ahead, Uptrend Intact

by: Pej

Fri, 30 Oct 2009 08:39:25 +0000

Babak, don’t let yourself get fooled by “operating earnings” and the resulting “P oE R”. Real earnings are way down, and real PER are at historical levels.
Here’s a chart i posted on my blog, from the official S&P reports

by: Babak

Fri, 30 Oct 2009 02:08:47 +0000

PEJ, according to PE ratios, we are way off ‘bubble’ territory. Not (yet) at value investor heaven levels but I don’t think it would be accurate to say that this shames the previous bubbles. Check out the long term chart of PEs from Shiller’s data.

by: Babak

Fri, 30 Oct 2009 02:06:07 +0000

WOG, glad to hear it was helpful to you. I’ve never gotten the hang of Bollinger bands.

by: WOG

Tue, 27 Oct 2009 20:13:22 +0000

dude, not only was your prop trading list instrumental in my early days (2 years ago), but you have inspired me to write a blog of my own.

On the other hand…I am tired of waiting for and trying to predict when the market will correct. Every time a sexy Head and Shoulder or just a shoulder starts to develop, we bounce off of moving avg.

Unf*believable! Do you use Bollinger Bands? John Bollinger’s Bands are soo dope my man, extremely useful tool.

Anyways, keep up the good work!

by: PEJ

Tue, 27 Oct 2009 10:38:46 +0000

Special thanks, indeed.
On the other hand, how far can this rally go? How far from the fundamentals? we are far further from the fundamentals than where we are at the top of the .com bubble or even the housing bubble if you think about PEs and probably so with Q ratio (haven’t checked that one for quite a bit though)

by: Dave

Tue, 27 Oct 2009 08:28:32 +0000

Babak,

Thanks, any good TA already knew most of these points (except for info re their proprietary Selling Pressure Index), but it’s still good to see that Lowry’s acknowledges these blemishes.

But special thanks to you for including both highlights in print & the audio. Special Thanks.