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Anyone else buying stocks right now?

Rubberdown! said:
We just had a long conversation about this at the gym...It is quite unbelievable, and feels like a horrible nightmare...I feel your pain! I need a drink!!!!!!!:beer;:beer;
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:beer;:beer;:beer;:beer;

I hear ya.. I cant believe citigroup.. good lord. I bought at $14, then $11, then $5.15 today and they went down to like $4.75 today.. just an example of a recent chase i've been on..

Googles down to $250..

Bank of america is way down. \

its all down.

xom is holding pretty good. ahhhhhhhhhhhhhhhhhhhh..:eek:
 
This has been coming for 2 years. The signs were everywhere. I got out when the dow was in the 13,5k range. When I pull out my plan was to get back in at about half its peak, about 7000. When I look around now I believe we will see the 5000 range.
I know what the experts say "stay in for the upswing", but I think the upswing is a ways out and will be very obvious and slow, shouldn't be hard to spot. Until then there is more pain coming. my.02
 
I read this on another board I frequent. It's probably the most well thought out response to this whole situation that I've seen yet.

It's tough to compare what's happening right now with all the other main events in history. This was the perfect storm of things like poor business decisions and ventures (Subprime and poorly run automakters) mixed with economic booms in certain areas (like Oil) who's bubbles happen to burst at the same time as the poor decisions making them even worse, added to that, the US government is funding a highly expensive war rather that funding the thigns that could be fixing the problem. Adding to that, the largest demograhic in the worlds history (The Baby Boomers) are heading into retirement and looking at withdrawing money from the market.

If you're hinting that this is worse than the Great Depression and will end worse than that, I highly doubt that. The stock market crash didn't cause the Great Depression. It was a trigger to lead to what happened, but the reason the stock market didn't recover quickly and the reason the Great Depression lasted so long had more to do with other surrounding factors like political policy and a lack of social safety nets (back then there was no EI, Welfdare or universal health care/medicaid to catch people if they fall on hard financial times, they just fall right out to the street and be homeless).

If the Big 3 fall, it will cause things to plunge even more, but only until Honda and Toyota figure out that if the Big 3 aren't making cars anymore, the aMericans have to buy something and opening up factors/expanding existing in the US will be far more economical than shipping them from over seas. The auto industry can't survive without local jobs to build physical products and transport those products. By contrast, if the financial sector like AIG was to fail, sure some other company could come in a buy them out, but with the financial industry being more or less completely digital, with no physical product persay other than a peice of paper and needing nothing more than a computer, an envelop of paper and maybe a fax machine in the mail to do business internationally (or at least none locally), it would be easy to eliminate jobs.

Keep in mind, people are talking about the highest percentage losses since the Great Depression, but when you look at actual numbers the Dow is still at a higher level than it was for most of the 90s (still more than twice as high as what it was for the first 3-4 years of that decade)

What goes up, must come down.

The bigger they are, the harder they fall. But they are ussually tough enough to get up faster.

Unless you're looking at withdrawing your investments in the next 5-10 years, turn off your TV, but more and ride it out.
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nice post beels..

I really feel bad for those that had allot invested when the market was high.

I just started investing int he stockmarket since it was so low and have still lost -37.15%. Its crazy for sure. Maybe I should of held out till the dow hit 6000..
 
I feel fortunate to be where I am at right now. I have only been out of college for a year and I couldnt start investing in my companys stock until now. Our 52 week high is $34 and we are down to high $5 a share now. I get a 15% discount on stock and I have been saving 8% of my paycheck for the last year in a separate account and its sitting waiting for me to invest in our stock. I think its reached its lowest point but it could go lower. I dont know much about stock but ours must be so low because of the general economy. Our sales are down only 2% this last quarter but our profits are up 30%. We have a back log of work untill july 09. We just finished a number of large investements and expansions and bought out a few medium sized companys. Im just happy I will be buying stock for around $5 a share when I know our business isnt going anyware and after we stick this out and stock prices jump back up things will be looking good for me. Feel bad for my parents however, I noticed they have been drinking a lot more wine lately :)
 
I jumped out of the stock market.

I am going to stay the heck out of it till Obama gets in and we know more about what he is going to do.

If he goes ahead with his new payroll tax to pay for medical coverage for all, you will see the stock market at 6k by this time next year.
 
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