Quote:
Originally Posted by PaceAdvantage
I don't know...market crashes don't usually begin with the media predicting a market crash... 
This market could melt up for a while.... |
I wouldn't exactly call it a market crash.
Don't know how long it lasts or where the bottom will turn out to be.
But there HAS been a tech selloff.
Imo, Sean Williams at
The Motley Fool nailed it with his thesis about Shiller S&P 500 (P/E) ratio being over 30.
The stocks they cover that melted up the most over the past year or so are the ones being punished the worst over the past week or so.
Imo, all of this likely ends up just a blip on the radar given a long enough time horizon, say 5-7 years.
-jp
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