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Good time to invest in the markets?

Discussion in 'Anything goes' started by WaylonJennings, Jan 16, 2009.

  1. Not that many of us have a ton of money to play with, but let's say hypothetically one got a buyout from their employer ... not much, couple thousand or so ... is this the biggest bargain sale of all time? Or is this thing going to just sink lower and lower and lower before it straightens out?

    I'm torn.
  2. 93Devil

    93Devil Well-Known Member

    If you can...
    1/3 real estate
    1/3 bonds
    1/3 stocks

    I'd throw 1/2 into stocks and 1/2 into bonds.
  3. Sam Mills 51

    Sam Mills 51 Active Member

    It's a good time. But, more than ever, it will require some patience.

    I just worked out my IRA for '09, hoping the market will rise at some point during the year, meaning I bought low. Regardless, it's done and I still have enough to Super Size my Big Mac combo - barely.
  4. misterbc

    misterbc Member

    I was a stock analyst and broker for 25 years and am a professional investor. Not a day trader. An investor.

    Goodyear offers as much upside as any stock in North America. It's trading at a level that seems to suggest nobody is ever going to buy tires again. They have 19 billion in revenue and 250 million shares outstanding....that's $76/ share in revenue. Their input costs have plummeted, leaving plenty of room to drop retail prices and still make good profit margins. Labor contract expiring this year and it's probable that they can extract concessions.

    Read their annual report and make your decision. If the system blows up, most assets will be worthless and if not, you have bought a well respected company at multi year lows and will be financially rewarded.
  5. BYH

    BYH Active Member

    My dad, a retired stockbroker, says the only stocks he's glad to have right now are McDonalds and WalMart. (I said that was because poor people always have to eat and shop) I also asked him if he thought it was going to get better and his response was something like "Shit, I don't know." And he's usually low-key and "buy low" about this stuff.
  6. Ben_Hecht

    Ben_Hecht Active Member

    In terms of the broad markets, I woiuld only ask one pertinent question, and all you long-view
    guys will know precisely what I'm getting at . . .

    Do you think anything close to all the bad news is out, yet?

    I do not.
  7. Pancamo

    Pancamo Active Member


    I agree the bad news is not close to ending. If the sub-prime and credit crunch was an indicator of a poor economy, wait until all the commercial real estate loans and business go belly up. With people losing jobs and tightening their belts, retail spending will dip. Restaurants and retail shops will fail and we will see more empty strip malls across the country. When tenants can't pay, the owners of the properties won't be able to pay the banks.

    I would stay away from companies that own real estate. YUM brands used to own a lot of thbuildings and sites where there was a Pizza Hut or Taco Bell. Now the buildings are leased. When you see a gas station close down its usually company owned station that EXXON or Chevron has decided its better to sell the land.

    A cycle of shit that will last a few years.
  8. CM Punk

    CM Punk Guest

    Look at it this way: Things will eventually improve or keep sliding to shit and we'll be slitting each other's throats for food.

    So, you've got a sporting chance, haven't you?
  9. BYH

    BYH Active Member

    Hey Punk, come here for a second.

    *twirling knife behind my back*
  10. poindexter

    poindexter Well-Known Member

    We've had these threads here for the past year. We've had posters here swear that certain financials were a good buy in 2008, because they were "so low". Wrong, wrong, wrong.

    The overall market is not a "bargain" right now. These were headlines from Friday.

    WSJ: Circuit City to Liquidate, Meaning 30,000 Job Losses

    Bloomberg: GE Capital May Cut as Many as 11,000 Jobs This Year

    WSJ: Pfizer to Cut Up to 2,400 Jobs

    WSJ: Google Plans 100 Layoffs of Recruiters

    AP: AMD to cut 1,100 workers, 9 pct of staff

    Reuters: Hertz to cut more than 4,000 jobs

    Bloomberg: WellPoint Cuts 1,500 Jobs, Blames ‘State of Economy’

    AP: Blue Cross Blue Shield to cut up to 1,000 jobs

    Tampa Bay Business Journal: Report: Layoffs looming at Clear Channel

    Lower stock prices do not mean "bargains".

    Bonds? Wait until the munis start to default - another tsunami in waiting.
  11. Boom_70

    Boom_70 Well-Known Member

    I am waiting for Ragu's next investment tip
  12. leo1

    leo1 Active Member

    there is no question that if you have money to spare, and can be patient, now is a GREAT time to buy. by 'have money to spare' i mean 'have money that you can afford to lose'

    just do your homework. basing your buying on the company's mission - ie., assuming wal-mart stock is a better buy than sak's - is only the beginning. research the fundamentals of the stock, too.
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