Tech stocks are on a tear, but are we approaching overbought? Big fan of AMD and their future, but wow its stock price is back near all time highs. I was happy to buy in the 30's, but getting to rich for my blood. Its P/E ratio is 192!!!
Market is starting to level off the last few days despite today's rally. What happens next week? Another jump or will all of the earnings reports in the next couple weeks slay this bull? Only 65 earnings reports this week. Next week there will be 447, then 924 the week after that, and then 1367. That is a lot of bad news to come. finance.yahoo.com
Looking at trends over that last week compared to the last month or so. Maybe a dip in S&P500 this week or early next week?