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Jacob Wolinsky

Founder and CEO of ValueWalk.com (the “Site”) is a web site owned by VALUEWALK LLC, a New Jersey limited liability corporation. I am the former VP of business Development of SumZero, LLC, the world’s largest community I have prior experience in a value based pe firm focused on PIPE transactions in micro-cap companies, and at a value based research firm, which focused on smid caps.

  • http://www.capitalobserver.com/ Tsachy Mishal

    A big problem I have with articles like this is that they don’t discuss valuation. Assuming you are correct about the economy being a train wreck, there is still a price where the market is cheap and a price where it is expensive. Right now S&P 500 earnings are expected to be around $100 in 2012. Even if estimates are 10%-20% too high the market is cheap. But nowhere is valuation discussed.

    The problem with an article like this is that it could have been written with  the S&P 500 at 600 or 2000. At 600 the problems are clearly priced in and at 2000 they are clearly not. But the market is not a sell simply because the outlook for the economy is negative.

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