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cool cool... I know I would have to leave it in for a few years I just thought now would be the best time to throw money at it since its fairly close to the cheapest it will ever be
Danny, the market isn't going to leap back up over night - this is at very best a deep recession - so I wouldn't worry too much about value. Watch it bottom out, stabilise, and start to move up. Once it's doing that and the economy is starting to pull itself out of recession, which could be 3-5 years away, you'll have a good long period to make a bundle of money. Forget the short-term.
cool cool... I know I would have to leave it in for a few years I just thought now would be the best time to throw money at it since its fairly close to the cheapest it will ever be
I posted the link earlier in this thread, but follow the Dogs of the Dow.
You need to be diversified.
how long ago did you post that link...ok ok I will search for it...
found it thanks....
Well now, that is the big question though, isn't it? Has it hit bottom? Has all the bad debt been flushed out? I very much doubt that. I'm going to happily stay out for at least another 6 months and see where the falls, because right now the whole world is scared sick that the entire system could collapse. Once the debts are truly accounted for and written off, and people start lending money to each other again, that is the time to get back in.
cool well hit me up in six months then...
They are sitting on a pile of cash, but private investment (Foreign Direct Investment) in the former USSR is running away, and bet are that their output will suffer for it, as existing oil/gas fields are tapped out.
Their government looks to be buying into a LOT of companies to prop up their economy, leading to, of all things, the government owning even more companies.
Their military, however, will continue to decay. India owns more T90 tanks than the Russian army, and the bulk of their armored forces are designs 20-40 years old. Same goes for most of their airforce.
1/10th of the total draft-age males actually show up for the mandatory term of service meaning that they are the bottom 1/10th not smart enough to get out of serving.
They are trying to correct this, but if oil tanks for a while, look to them really sucking wind.
I wonder how long that vast pile of cash will last them in that case.
... and the roller coaster continues.
Up 600+ points as of a few minutes ago.
Up 741.44 (8.77%)
WTF?
Up 961 points as of a few minutes ago.
Look for a lot of profit-taking tomorrow.
The EU saw our $700 billion and raised another $1.6Tr
They have collectively pledged to prop up the banking system with $2.3 Trillion, if needed.
Europe puts $2.3 trillion on line for banks
That brings the global total to $3.0 Trillion, not including whatever the Russians, Chinese and Gulf states care to pump into the system, for those who are counting.
not that I would ever try to guess the market, but there's not much profit to take at this point. If you want to say cutting loses, and then ok. Average profit taking would be at about 11k or so.Up 961 points as of a few minutes ago.
Look for a lot of profit-taking tomorrow.
I bought AAPL (Apple) at 106 and some change last week, saw it dip down to around 95 at it's lowest and closed today at $110.26.
Market was up 936 last time I checked. You people are over-reactionary.
If it takes worldwide governments pumping almost 4 trillion dollars over the weekend into the banking system to get a 936 point bump, whats it gonna take to get back to 13,000?
I wouldn't be too quick to celebrate and declare a bottom has been reached.
A world wide recession was already virtually guaranteed. Nothing like turning it into an inflationary recession to really screw things up.
Whats it gonna take to get it back to 13 thousand?
Time and patience and riding out normal recession economics.
Simple as that. You can't constantly grow grow grow grow an economy without it coming back down at some point, its unrealistic.
They have to do something because inflation >>>> complete collapse.
That being said just wait till companies start failing on a larget scale and people start losing jobs. The market is telling you something is wrong, but wait till the pink slip tells you just how wrong things are.
Manny, I'm not saying that worldwide governments didn't get backed into a corner where that was their only option. I'm saying the the celebration and "I told you so's" that this is just a normal market correction are seriously premature.
I didn't mean my thumbs up as an "I told you so", I meant it as in I tried not to over-react about it and now I'm glad I didn't. I wasn't making any referendum on whether countries should bail out the markets, just about my own personal reaction.
Volatility is not over by any means. As Manny says, wait until this mess hits the real economy, not just the banks. A couple of Qs of double digit declines in sales and negative net incomes in the manufacturing sector, and the market will take a hit again.
Bill Gates just predicted, as many other well known economists/business men, a 9% unemployment rate, something the US has not seen for 25 years.
2009 will be ugly, no matter how much money the governments of the industrialized countries pump into the system. The World economy has to purge itself, and this will take time.
A Dow at 13,000 is years away.
GM was up $1.62, so they're over $6.
I'm still considering getting in as I imagine they'll hover around $6 and/or drop around $5 for awhile.
However, I predict they'll stabilize around $20 in the following 2 years.
Exactly.
Rough few years coming up.
Look to 2011-12 for the next bull cycle. Until then, buckle up.
9% would be, no offense, if its the bottom, fantastic.
Compared to 25% during the great depression.
If they can keep unemployment at 9%, then thats a win I think.
Bad? Of course.
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