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I think some sectors will start fairing better over the next year, but for the most part you are right. Infrastructure companies should begin turning around thanks to Democratic spending. So, there's still money to be made.
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And the end of the Nortel story, at least as far as equity investors are concerned...
Originally posted by Wall Street JournalI came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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What's going on with Citi?
Gosh I'm so glad I kept that Citi stock I had in my 401(k) after they spun us off.
I still haven't gotten the last of my money in b/c the friggin' Smith Barney guy who was going to answer a coupla questions for me is "no longer with us" (in the employment sense), so I have to start over. Being lazy, and watching the market lately, I'm not in a rush.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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correct and I exited yesterday at ~ 20% profit for this last round... tightOriginally posted by DanS View Post
not so secret tip this week - SKF
Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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Well, at least you didn't invest your house in Citi stock @ $30 a share, as somebody here suggested.Originally posted by Arrian View PostWhat's going on with Citi?
Gosh I'm so glad I kept that Citi stock I had in my 401(k) after they spun us off.
It doesn't seem that you would go wrong getting into the S&P 500 at 841.75. These are reasonable/good prices.I still haven't gotten the last of my money in b/c the friggin' Smith Barney guy who was going to answer a coupla questions for me is "no longer with us" (in the employment sense), so I have to start over. Being lazy, and watching the market lately, I'm not in a rush.
I was surprised somewhat to see such negative market reaction this morning -- perhaps the market hasn't priced in all of the bad news after all.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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What is going on with citi, for those of us not in the know???<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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Citi sold off a controlling share of Smith Barney at a fire sale price. The company is being broken up. Rubin left. Some discussion about whether the company will have to go back to Uncle Sam for another bailout.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Geez, Citi's just creating a hole in the Earth. I doubt the bank's worth a nickle.
Otherwise, the market's presenting a really nice menu of securities at reasonable prices. All of my investments are now at prices at which I would be comfortable adding to them, including the Chinese H-share index.Last edited by DanS; January 15, 2009, 11:22.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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but SKF is doing rather well... not sure when to sell it though... at this stage it's looking good, but greed is the problem
more panic, better it performs, but I am not sure how long is this panic going to last... but I think I should sell by the weekend, if not sooner...
BAC is -26% on the day at this stage... even beating CSocrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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Luckily, only ~5% of my 401(k) was in Citi stock. I had kept it in part because after they spun us off, I could no longer buy more. At the time, it made sense. At the time, Sandy Weill was the bomb. Now... well, HE'S just fine. The behemoth he created, otoh... not so much.
I can't really feel too bad about losing some money on Citi stock, 'cause I'm really happen we got the hell away from them before they imploded. And got our umbrella back (for some undisclosed, no doubt obscene, sum). Huzzah.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Yeh, that really does strike me as a good silver lining. It's outrageous that after Enron, some still stuff 401(k)s with company stock.
Congrats so far on weathering this storm rather better than average, by the way.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Thanks. I'm feeling reasonably secure. You never really know, of course, but all indications so far point to us being ok. We have gotten some quiet "your bonuses will suck this year" talk, but people who are losing their jobs aren't exactly going to play the violin for me.
The only way you end up with company stock in your 401(k) here is the company match (which is pretty small) gets put in there. But you can reallocate it, and they send you a reminder email about that each year when they allocate the match money. You have to be pretty silly to put all your money in company stock (though you'd have done reasonably well this time 'round had you done that, heh).
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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*checks 401(k) for the first time in months*
OUCH.
Hmm, company stock is 6% of the total. Fine by me.
Citi is now .67% of my total balance.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Citi:
Yeah, baby. And that doesn't include what's happened this month.Average Annual Total Returns 1 (%)
as of 12/31/2008
1 Year -75.07
3 Year -45.13
5 Year -29.24
10 Year -9.38
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Well, at least you didn't ride it down with a good portion of your portfolio like Prince Al Waleed did. Poor guy.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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