When your on a Roll. Your on a Roll.

DoubleDip.'s picture
Rank: Monkey | 42

For the past four days it's been bad for the buyer/longers/investors.
But the really sad news is that it's not suprising. Why is that as people, we imagine that the S&P will do nothing but go up? But when the markets fall a little compared to how much it's actually gained, people are screaming that it's the beginning of the depression. I can imagine what Cramer is going say tonight "SELLL!!"
But here's a crazy idea - "Buy!!" Why not? All of those lovely little stocks like Goldman (GS) and Exxon Mobile (XOM) are all of the sudden cheaper to buy with a lower Bid/Ask numbers.
And isn't Buffett the one who always says that when people are fearful you should be greedy.

I might be crazy & probably wrong, if so go ahead and mock I'm not afraid of being wrong, but don't cry to me if you missed out.

BUY! BUY! BUY! BUY!

Comments (13)

Apr 10, 2012

It was 4 days- so what? If anyone doesn't have the conviction to hold after 4 days of declines, they have no business owning whatever it is they are owning.

Apr 10, 2012

^^^ That kinda mentality is how bear markets start.

My main thing is to own sustainable dividend stocks. And it looks like Gold miners and resources are no longer the rodney dangerfield sectors.

Apr 10, 2012

I'm always long swag, ticker SWAG.

Apr 10, 2012
DoubleDip.:

BUY! BUY! BUY! BUY!

Hell yeah dude, like bank stocks in 2008!!!

Apr 10, 2012

you're*. Sorry. :(

Apr 10, 2012
Boreed:

you're*. Sorry. :(

i dont blame you..im not taking investment advice from someone who couldnt pass the verbal portion of the gmat

I eat success for breakfast...with skim milk

Apr 10, 2012
TonyPerkis:
Boreed:

you're*. Sorry. :(

i dont blame you..im not taking investment advice from someone who couldnt pass the verbal portion of the gmat

GMAT became pass/fail?

Your larger point still stands

twitter: @CorpFin_Guy

Apr 10, 2012

Says the guy w/ username DoubleDip.

Apr 10, 2012

yup, when YOUR on a roll, YOUR on a role.

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

    • 1
Apr 10, 2012

how do you spell supercalafragioucsexpialidoushous

Apr 10, 2012

Europe is going down big time and it is going to affect the S&P again. Spanish and Italian spreads are going to worsen a little before ECB starts buying. Wait for it stop falling before you buy.

Apr 10, 2012

Sure, but there's some incredible deals out there. European oil companies, which sell into an international market, are trading at 5-6x earnings and paying 5-7% dividends. Even boring gold miners are trading at 8x PEs and paying 3% dividends. When GOLD is paying more interest than the USD, you know that the USD might be a little overvalued.

Fundamentally, I think resources are cheap, the S&P is fairly priced, and the USD is overvalued. But technically, everyone is saying buy, so the contrarian move is to sell.

Apr 10, 2012
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