Well job report in US indicates all is well ( if not now will be slowly in future ) , Indian markets rocks after Budget -- > but people are scared ...
We often discount what we feel and try guessing what others will do in such a market .
Deep down in my heart I am not convinced what is happening is right
Why market should be where it is Right Now -- Inspite of difficult economic environment
The further tightenting of economy in addition to pressure on liquidity due to repayment of TARP funds will impact market one or the other day
High Unemployment + low credit ( on Credit card ) availability + higher saving by people who can afford to buy ; will impact sales volumes ( if not value which will go up on account of inflation and reckless printing of money) ..
So the scary truth is PE for Stock market should not greater than single digit in such a market .
Successful investing is all about being crazy , different and less wrong than others . The ideas and process written here may not suit all risk profiles so please check with your financial "doctor" before adopting .
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