Any tips you guys can offer?
Is that whats happening now? There is no way to tell, but the sudden and excessive jump is a dead give away that the market correction is not over. When the market does bottom we will see intelligent and institutional investors slowly creep back in. Thats what you want to see and it is sustainable.
I was a day trader for years and love following cycles and this one doesnt look strong to me YET. My money is staying in cash and cash related products.
Inexpensive luxuries (non-necessities, ladies shoes, cosmetics, do-it-yourself things for the house, liquor, gambling…. etc etc) are my bet for the near future.
Real estate for the more remote future. If you can buy and hold on to real estate, this is a great time.
However, now is a much better time to buy than when the stock market was trading at it’s record highs – but you have to be prepared to monitor your investments and take the risk of losing capital if you back a failing company.
Right, the hard part is knowing what is going to be “in” in the future like go green stuff or infrastructure stuff.
Be certain that this artificially low interest rate move cannot last for long – and that with many economies in slowdown a return to good profits is still some way away.
However, now is a much better time to buy than when the stock market was trading at it’s record highs – but you have to be prepared to monitor your investments and take the risk of losing capital if you back a failing company.
I’ve never paid much attention to the stock market, but wanted to know if now is the time to buy into companies that cater to ‘necessities’ that we use everyday? I’m also thinking of Gambling, Alcohol & Tobacco Companies since they are known to do well in hard times. ” title=”” class=”bbcode_smiley” />
Any tips you guys can offer?
http://www.newmogul.com/item?id=1002
He says buy gold.
@thisisvegas 181077 wrote:
Sure it might be tempting to buy into them in times like this but I still don’t trust what I think is happening behind the scenes to make this crash happen. To me it’s like a rigged game of poker and I don’t have any inside information of who is helping who.
John, you should join us in the Political forum so we can exployer your idea. ” title=”” class=”bbcode_smiley” />
Yea, I think I”m going to just wait while I read up on the stock market. I’ve never been a real gambler and now is not the time to start. hehe
There are a bunch of economic reports due out this week, we already saw retail sales down 1.2% last month. That’s why the market tanked.
I do think ity’s time to buy – wisely – stocks that will benefit from a massive recession. Because I do think this isn’t just going to blow over.
This recession has the makings of being a severe one.
The walmart’s and the dollar type bargain stores usually do well under these circumstances.
Well I think todays market action shows that it’s never wise to jump on a one day rise after a major sustained down turn.
Chips keep the political jabs in the politics area. We have plenty of threads there to discuss the elections. I am editing your post so I dont have to delete it.
Was not a jab was a serious effect on the market if all goes as it appears?
I have been restraining myself from any political speaking anymore!
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