If Roche buys Genentech looks like I'll have a good chunck of change to invest... I'm thinking Arby's!
Announcement
Collapse
No announcement yet.
Be the bid!
Collapse
This topic is closed.
X
X
-
So what happens when that DJIA thing I see on WaPo's front page hits zero?Click here if you're having trouble sleeping.
"We confess our little faults to persuade people that we have no large ones." - François de La Rochefoucauld
Comment
-
At this point I don't think there's any choice other than buy.
There are basically two scenarios:
1. The market recovers, and fairly soon (low between now and end of summer)
2. The market never recovers, and there is a fundamental change in how the market (and the US economy) works [ie, revolution, governmental takeover of the entire financial industry, abolishment of stock ownership or trade, something on that scale]
2 is quite unlikely, but even if it does happen, who cares? There's no downside to buying now...<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.
Comment
-
Only?
Right now the Yankee dollar is one of the best investments one can have. The Yankee stock markets, not so much. Sort of perverse, but as long as the Chinese want it that way, that is the wave you want to ride. Cash, even at 1% interest is better than the next leg down in the markets (which seem to be on).
There's no need to rush in. The finacial industry world wide is in tatters. There will be no great run up over a short period of time as the markets are starved for fuel. The US consumer and corporations will be turning any spare cash into debt reduction for a little while, and the unemployed are not pumping up 401Ks.
That's my understanding of it, imperfect as it may be. The bottom line is that busts like this don't see sudden recovery, and especially when the fundamental problems are still not resolved. There will not be a real bottom until the economy underlying the markets is stable. We're nowhere near that.(\__/)
(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.
Comment
-
I didn't mean to imply we were at the bottom.
Just that unless we ge ta big change (Which would be great), in 20 years companies which still exist will probably be worth more than they are now.
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
Comment
-
I don't think we're going to see a decade long bust or anything close to that. The economy is just too much based on the financial and stock markets nowadays to stay down that long. The economy will recover within a year or so, and as that happens the stock markets will gradually rise as people have confidence again.
I suspect that if Cassandra came in today and declared that the economy would be fully recovered by Jan 1, 2010, that the DJ would go up to 11,000 or so quite quickly.<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.
Comment
-
Originally posted by snoopy369 View PostI don't think we're going to see a decade long bust or anything close to that. The economy is just too much based on the financial and stock markets nowadays to stay down that long. The economy will recover within a year or so, and as that happens the stock markets will gradually rise as people have confidence again.
I suspect that if Cassandra came in today and declared that the economy would be fully recovered by Jan 1, 2010, that the DJ would go up to 11,000 or so quite quickly.
The problem with it is when people realise it is just ****.(\__/)
(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.
Comment
-
Originally posted by notyoueither View PostIt can get worse, and it can stay there for a significant period of time.
Point being that even during a great crash and a great depression, yesterday's prices would have been an excellent time to invest.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, 1891
Comment
Comment