Well, one of the articles I read, on Forbes today, said that the reason everyone now thinks prices are way undervalued.
"The nature of the private equity offers that came down today, which included Bill Gatesâ and Saudi Prince Alwaleed Bin Talal's offer for Four Seasons, served to underscore that there are plenty of undervalued equities to be had, according to New York-based money manager Michael Holland.
"Bill Gates and Prince Alwaleed are not buy high, sell low investors," Holland said."
From:
http://www.forbes.com/home/markets/...-update-markets-equity-cx_tvr_1106closer.html
I agree. Whatever the reasons for the rallies are, why WOULD companies pay such a premium if the stocks weren't undervalued? And if it doesn't matter, what does matter is investment sentiment reads it that way.
The big mystery is HD... it's got to be setting up for a huge rally... because HD has nothing to do with real estate. If anything, when you are trying to sell, you need to fix up MORE than normal. If you give up on selling, you will be MORE likely to spend on home improvement so you can wait a few years for a move up. The worse housing gets, the better HD should get. I don't understand the 'lowered ratings' on HD.
Who knows, maybe the entire market will crash Weds. But... I'll make lots of $$ in the meantime, and I'll make lots of money if it crashes too. The higher it goes, the better the money gets

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