The Whipsaw Could Just Be Getting Started

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By all accounts the month of July has been very positive for the major stock market indexes. The SPDR Dow Jones Industrial Average (NYSE:DIA) is now higher by more than 7.0 percent from the early July low pivot. This is a sharp advance higher in less than a thirty day period for the markets. The big question that most traders and investors are now asking is, how much upside is left in the tank?

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nym5590 on Sat, 2010-07-24 10:04
Title: Upside

Valuations utilizing earnings yield and forward multiples are still quite reasonable, especially considering the recent top line acceleration in Q2 eps reports year-over-year. From a value standpoint, the risk reward has never looked better with 2/3rd of the SPX companies trading below 10x eps on 6/30 and the ability to find companies with 10% earnings yields.

Check out my post/blog. But i recently did a post of Bill Miller's comments. It does confirm his theory, that this is the best buying opportunity of high quality shares in over 50 years.

http://prudentstockinvesting.wordpress.com/2010/07/23/review-of-bill-mil...

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