It was once said of Leon Trotsky that the proof of his exceptional far-sightedness was that none of his predictions had yet come true. By that logic, I've made more than a few far-sighted predictions myself in the past year. In each of the following cases, the stock in question has somehow evaded the total destruction I have so justly called down upon it; in some cases, it has declined only slightly – in others, it has had the audacity to rise.
I don't pretend my failed predictions never happened; in this way, if no other, I differentiate myself from most financial pundits. On the other hand, maybe it’s the Irish in me, but I don't see any of these as failures – just unfinished business.
By the way, the current average P/E Ratio of S&P 500 stocks is now 19.77. We grow ever closer to the important psychological threshold of 20. Do yourself a favor and don't own any of these stocks when that happens.