Valuations are getting stretched, especially in the technology sector. There may be some recovery in the economy, but the notion that it will translate into a big jump in corporate profits - the jury is still out on that.
Historically, it's not like GM has always been a great company. It's had it's cyclical down periods. But you need to look at the import of GM, not as much a stock but as a barometer of the economy.
Those [stocks] are the ones where you haven't had any pre-announcements.
If I can get money from you, there must be some earnings there.
I think there is a remote chance of GM being removed only because the Dow people probably don't necessarily like having companies in there with a junk bond rating.
I think the people at Dow would have to acknowledge that there is something to the Internet.
Who cared about a 2 percent yield when you were making 30 percent on your money.
The Dow is more a barometer of the economy and not so much the stock market. The photography sector isn't all that crucial to the economy.
That really says investors are getting impatient with the turnaround in the technology sector.
Copyright © 2024 Electric Goat Media. All Rights Reserved.