Down goes the Dow

“Meanwhile, a number of stubborn bears out there continue to make the specious argument that the U.S. stock market is expensive. ‘At 22 times trailing twelve-month earnings,’ they ask, ‘how on earth could an investor possibly buy the S&P 500?’

The answer is simple, really. Valuation is not a catalyst.”

“This is why using forward earnings estimates as a valuation metric is so incredibly flawed – as the estimates are always overly optimistic roughly 33% on average. Furthermore, the reason that earnings only grew at 6% over the last 25 years is because the companies that make up the stock market are a reflection of real economic growth. Stocks cannot outgrow the economy in the long term…remember that.

The McKenzie study noted that on average ‘analysts’ forecasts have been almost 100% too high’ and this leads investors into making much more aggressive bets in the financial markets.”

Yet you swear by certain analysts. Hmmmm.

And Bob Pisani is your god....

He's not my god, Jim Cramer is!

And the Najarian bros...

Igy has become a caricature of Detector Dude.

And I have become a caricature Earnie.

You are a sad, sad man, Igy imposter.

I am not a man.

There is no imposter. It's him.

His post are easy to identify no matter what handle he uses. And he uses many.

Mostly talking to himself.

Talks to himself. Disgusting Igy. His children should be ashamed, if he has any.

Sorry I left the a out of again. Guess I was the wrong one this time.

I was recently made aware of this thread and thought it necessary for me to speak up. I was fortunate to be coached by Coach Harter back in the day and I can assure you that he is a man of the highest character.

Whoever this "Ghost of Igloi" character is, s/he is most certainly not Reid Harter. Of that I am absolutely certain.

R. B.

The real Ghost of Igloi is on record as walking away from this thread months ago after his handle was stolen by a troll.

I hope all is well with you and yours.

Might be Igy

R. B. wrote:

I was recently made aware of this thread and thought it necessary for me to speak up. I was fortunate to be coached by Coach Harter back in the day and I can assure you that he is a man of the highest character.

Whoever this "Ghost of Igloi" character is, s/he is most certainly not Reid Harter. Of that I am absolutely certain.

I believe you are right that they are not the same person, but not everyone here is convinced.

I am sure they are not the same person. However I believe with the market action today the Fake Igy may be correct in the end.

There is nothing right about Fake Igy.