Comments on: Lowry Research Update: Market Going Lower

by: Pej

Tue, 21 Jul 2009 12:22:45 +0000

Babak, it seems Lowry’s timing was quite inaccurate…

by: Goldstocktrades.com

Wed, 15 Jul 2009 23:11:38 +0000

Be careful failed head and shoulder patterns often lead to major rallies.

by: JT

Tue, 14 Jul 2009 15:13:17 +0000

Thanks for the update from Lowry’s. Please make more frequent posts to update us on Lowry’s buying power and selling pressure in the current market.

by: PEJ

Tue, 14 Jul 2009 14:50:56 +0000

Jim, I’m not talking about methodology, but just plotting the historical quarterly PER values of the S&P from inception to date. I believe there has been other “beginning of bull markets” besides the 2002 bottom. Secular bottoms are usually marked by very low PERs, not extremely high ones

by: Jim

Tue, 14 Jul 2009 14:16:20 +0000

Pej, historically that’s not the way stocks are valued at the beginning of bull markets. Do you remember what the trailing or forward P/E ratio on the Nasdaq was in October 2002?

by: Pej

Mon, 13 Jul 2009 22:02:06 +0000

Proprietary research or public simple research lead to expect a major decline of the market.
the US markets are expensive… very expensive…

To the point where the PER on the S&P 500 is at the highest since 1936 (since inception!) and has been hovering above the incredible figures of the peak of the tech bubble: Historical PER record value on the S&P 500

So if you hope for the PER to hit 7-8 with the current earnings… the S&P should be trading 80% lower… scary…

Conclusion, even if the recovery was here, that earning would indeed raise dramatically, the market would still be extremely expensive…