SPY and AMZN

read carefully...

  Q.  Can you make sense of this? How is it different than so many of the dot-com companies of the late 90s early 2000s. They are still trading at 1500x earnings...I think Walmart and apple are significantly better plays than amazon long run.      Also when will the S&P correct itself? Pre or post 1800s  

A.

http://www.cnbc.com/id/100740062

with respect to SPY...

market may have begun a corrective phase in spite of the fed.  very difficult for the market to decline when the fed wants it to go up.    do not fight the fed!    the risk of pricing the market well in excess of underlying fundamentals   is high.    but maybe inflation and technology and USA energy independence will   trump fundamental near term analysis.        

Re: stock market very toppy

http://seekingalpha.com/article/1776742-signs-of-a-stock-market-top?source=email_macro_view&ifp=0


On 10/27/2013 9:04 AM, Michael Wise wrote:
> http://seekingalpha.com/article/1776912-the-stock-market-bubbles-achilles-heel?source=email_macro_view&ifp=0
>
>
> i am long term bull for structural reasons... but yellow light for now.
>
> mike
>
>

stock market very toppy

http://seekingalpha.com/article/1776912-the-stock-market-bubbles-achilles-heel?source=email_macro_view&ifp=0

i am long term bull for structural reasons... but yellow light for now.

mike

abdallah TM

http://www.israelnationalnews.com/News/News.aspx/170386#.UfbLLm1762Y

The Warnings Behind the Numbers - NYTimes.com

the economic situation apparently has little to do with the broader
equity markets.

economic recovery is very problematical until the long term massive
deleveraging has been completed.


>
>http://opinionator.blogs.nytimes.com/2013/04/29/the-warnings-behind-the-numbers/?hp

kleptocracy

http://www.marketoracle.co.uk/Article38880.html

bubbles?

http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10752