"Recession", "depression", etc. are all tied to GDP, which number now holds almost no useful meaning to me.
For some unknown reason, today I got a sense of economic hopefulness. By "economic", I mean the production and trading of goods and services, not profitability, or speculation.
I don't know why. It's probably totally irrational. I NEVER feel like this.
Consider: the markets just "corrected" to the tune of 10-15%...but then they came back, and fast. Anybody ever ask "why" or "how" they came back? The market doesn't seem to want to break 2100, but neither does it seem to want to leave 2100.
Fair enough. What if it hovers between 2000-2100 for long enough that earnings rise sufficiently to bring the P/E back down to earth?
I disagree with the poster who said that it was all about revenues. Bullshxt. That is what businesses tell you, that can't make a buck. It's what hapless CPA's on the other side try to convince you is great when they are valuating for an acquisition.
In the business world (not in the equities world), it is complete bullshxt. I have never bought anything based on revenues, and never will. I know some who have, and it has worked out to have been a mixed bag, because success depends to a large extent on the current and projected business environment, and on actual market position, rather than on abstract revenues.
lol, when you have no profit, go to revenues. What happens when revenues start to fall, do they go to debt? Don't laugh, I have seen it tried.
BTW IMO we are about to enter an era of seriously huge M&A.