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| | #1 |
| Junior Member Join Date: Dec 2007
Posts: 16
Reputation: | A coworker said today's market events means it's a good time to buy bargain stocks. That surprised me. It felt like a mini-crash to me. Kinda like a foreshock that comes before a big earthquake. But let's say I wasn't freaked out by today's correction.... Since high-yield online savings will not be so high anymore, maybe there is some merit to the "bargain shopping" theory. I'm wondering what people here think of investing more money into the stock market. And if you are, which stocks are you buying? Inquiring minds want to know. Thanks!!
__________________ always smilin' -penny |
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| | #2 |
| Senior Member Join Date: Jan 2008 Location: New Jersey
Posts: 360
Reputation: | I agree that it didn't feel like a big crash. It's far too early to be calling the bottom in the stock market since I don't expect that we'll see the light at the end of the tunnel until 2010. People seem to forget that we still have over three more years of ARM resets to look forward to: bubbleinfo.com - Statistics 2007 - ARM Reset*Schedule Nevertheless, I've been nibbling on precious metals and also a few income trusts that now yield over 13%. |
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| | #3 |
| Senior Member Join Date: Dec 2007 Location: Alabama
Posts: 124
Reputation: | I was somewhat surprised by the Fed's rate cut on 1/22/08. I expected a real bloodbath and, from what I read, that's exactly how 1/22/08 began. Someone has suggested the markets' recovery yesterday after the rate cut was due to investors covering their "shorts" rather than an indication that bottom had been plumbed. I'd like to purchase more GE which because of the diversity of their businesses becomes like a bellwether to the market as a whole. When the market recovers, so will GE. |
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| | #4 |
| Member Join Date: Jan 2008
Posts: 49
Reputation: | I don't think it's truely dropped yet. I'd say wait, wait, and wait some more. |
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| | #5 |
| Member Join Date: Dec 2007 Location: New York
Posts: 90
Reputation: | Timing the market is a losing proposition. No one knows when we'll hit the bottom. People who were waiting for stocks to slide further completely missed the recovery today. But people who put in money tomorrow may see their investment drop dramatically in value. Don't panic and pull any money out of the market, but just be prepared for further losses if you put more money in (or you could get lucky and buy at the bottom). |
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| | #6 | |
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