http://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenMon, 19 Jan 2009 17:02:28 -0000http://blownmortgage.com/2008/11/21/the-stock-market/#comment-5375448<p>Predicting a bottom is always a tough call... but then the same can be said about the upside. I remember a debate some years ago about the DOW breaking 10,000... no one believe it could happen, but that's history now. Guess that's why I like pennys, there's always the opportunity to find a new company (which is our niche) and run with it before the masses jump on board... </p>penny stocksMon, 19 Jan 2009 17:02:28 -0000http://blownmortgage.com/2008/11/21/the-stock-market/#comment-3970277<p>Regarding PE ratios referenced in the link- it is useless to use analysts' 2009 PROJECTED earnings to measure PE ratios and whether such stocks are a bargain. Analysts are notoriously bad. The S &amp; P 500 earnings estimates for 2009 are currently around $98. That would be a 70% increase from 2008...in a deep recession. And an 11.9 PE ratio is NOT a historically low level- it's more like a normal level, if you take out the last decade. In the 1973-74 and 81-82 recessions, it bottomed around a PE of 6</p>BrianSun, 23 Nov 2008 14:08:34 -0000