BAC's P/E Ratio is 611.6

Quote from der_kommissar:

Not at all, but the fact that some foreclosed properties are moving does not imply that the housing market is "hot" and that the economy has "bottomed" as you imply in all of your over the top partisan posts on the economy.

Subsidies and stimulus are the ONLY thing keeping this house of cards propped up.
More...
well as evidenced in that thread the housing market is hot in some parts of california. to think that an 8000 subsidy is enough to make people pay over list for 800k homes is niave.
the reason i started the thread was not to make a statement that housing is out of the woods. i started it to conteract the constant doom and gloom sky is falling nonsense that gets posted all day everyday.
by the way. yes i am long bac. i am long since about 5. would i buy it here. no.
 
You must log in or register to reply here.
Back
Top