When your on a Roll. Your on a Roll.
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!
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.
^^^ 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.
I'm always long swag, ticker SWAG.
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
Says the guy w/ username DoubleDip.
yup, when YOUR on a roll, YOUR on a role.
how do you spell supercalafragioucsexpialidoushous
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.
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.
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