Is Nasdaq Overvalued?

Hello Ladies, Gents, and whatever :)

as you know, the catalyst for the 21K bump in the DOW was Mr. Trump winning the election. Everything happens for a reason (because too much money is involved).People were hoping he could execute the agenda:

1) failure of repeal Obamacare was a big setback
2) Tax reform won't take place not until 2018
3) Border Wall is going to be a border fence
4) I think the Freedom Caucus is not going to let him to dismantle the Dodge-Frank law (yeah, he did sign the executive order, but only to review it :)

being US president means hard work, but being born with silver spoon in his mouth has made him lazy (in my humble opinion). I think he'd need to get out to work with the reps and senators. His success is America's success.

NASDAQ_PE.png
 
a lot of NASDAQ stocks are getting over 100$ mark. somebody is going to sell a lot of breads to make up for the cost.

At this rate, AMZN is not going to hit 1000$ if the FED unwinds its balance sheet too soon.

it seems Trump is not able to carry through many of his campaign promises. I think Trump is not a good politician, and he dislikes people and dealing with people. He's a good dealer only if his own money is on the line. I think his mind is wired for dealing with little things. Certain petty things could set him off :).

Yes, severely. The average stock is trading more than 30 times earnings.
In contrast, if you just go buy a business you are looking at 3 to 7 times earnings (book has a lot to do with it too.)
Only an ignoramus would "invest" in this market. But, skilled traders can still make a buck, if they hedge well.
 
The average/typical trader reminds me of that movie, especially that one line:

"I like money."
:confused: o_O ...Real life is not that far from that movie -- we are a dumb society, collectively in general.

People have been saying that the Nasdaq, and market in general, have been overvalued for the past three or four years or five years.
Everyone is dumb as far as I'm concerned.

Did anyone else blush a little when he said that?
 
Retail sector is going to be the sack of dough that will weight the markets down. markets expect earning report for the sector will be down -4 to -6%. as you know, consumer spending is made up of 2/3 US economy. so far, 11 stores filed for chapter 11, and Sears, Macy, JC Penny, Abercrombie & Fitch are on life support.

• Gordmans Stores
  • Gander Mountain
  • General Wireless Operations (formerly RadioShack)
  • HHGregg
  • BCBG Max Azria
  • Michigan Sporting Goods Distributors
  • Eastern Outfitters
  • Wet Seal
  • Limited Stores
VIX is showing its ugly head:
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