Business Magazine

Why Worry Wednesday?

Posted on the 05 February 2020 by Phil's Stock World @philstockworld

Why Worry Wednesday?Up and up the markets go (again).

Only 25,000 infected (up 7,500 (42.8%) from Monday) and only 500 dead (up 140 (38.6%) from Monday) so far from the virus we're now completely ignoring though I'm kind of looking at what is now 216 infected outside of China vs 183 on Monday as only up 33 and that's just 18% outside of China.  The good news this morning is China claims to be close to a treatment that seems to work for virus patients and we now have 988 people recovered – twice as many as have died so – progress!

As we also noted on Monday, Gilead (GILD) is making progress on a vaccine, as are others so we should be happy with the progress but now we're back to our original problem which is that stocks are just too darned expensive in the first place.  The US PEG Ratio (Price/Earning divided by Growth) has NEVER been higher than it is now and that means stocks have never been more expensive relative to their actual growth:


That's in general, of coruse, our job is to look for stocks that are specifically good buys 


You must login to see all of Phil's posts. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.
To signup for a free trial membership, click here.

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!

Back to Featured Articles on Logo Paperblog