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<p>[QUOTE=&quot;medoraman, post: 1901050, member: 26302&quot;]Might be. I would think lack of bad economic news from the US and no international incidents and we could be there. Some bad US economic news/another world event and I could see pm a little higher than today. How is that for a prediction, &quot;it depends&quot; lol. Either way I think today is a &quot;decent&quot; time to buy if you wish to get in long term, but IMHO is not a screaming deal nor is it way too high to consider.</p><p><br /></p><p>Regarding Amazon, I am with you Longnine. I am not a fan of the stock. Mike explained why its priced the way it is, the logic on the street, but I am calling BS on it. Amazon has seen huge growth because of its ultracheap prices that do not generat profit. The analysts are keeping sales up but projecting widening margins. I do not think that will happen. I believe any margin growth will significantly affect sales, so I do not think they will ever see the anticipated profits that would even give them a 30PE, let alone lower. I also think management of Amazon is wasting too many resources on things like tv programming and tablets when that is not their strength.</p><p><br /></p><p>TBH, there is about 80% of the market I would not touch with a ten foot pole at todays prices. Doesn&#039;t mean I am right, (I probably am not), but its my opinion. Just because someone says &quot;the market&quot; is a safer place to put investment money does not mean s/he believes every stock is a buy. Five years ago 95+% of the market was a steal, but that ship has sailed.[/QUOTE]</p><p><br /></p>

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