Now is not a good tiem to jump into anything. Beware the trap. It's going to get worse before it gets better, trust me. Meanwhile I'm nursing a new short position on Fannie Mae...
Commodities right now right now are stumbling, other than the energy complex. Have you been watching the Baltic Dry Index? The global recession isn't going to spare anything.
many many things are on 52 week lows. number one thing to look for if you are looking for value is companies with little to no debt that have positive earnings.
yeah i'm still holding PRGN shipping. i got a good price so i am still up. been thinking about adding a speculative defensive name to my personal account with ELN. i still need to do a little more poking around but i'd like to add like one of the senior GM debt preferreds, ELN, and something else that i hope to find within the next few weeks. i don't like the overall risk on either but i think if i attack it from a basket perspective with less size on each then i will be better off.
I had not noticed it, thanks for the heads up... "COSAN stands out in the foreign market as the largest sugar industrial exporter" from their site... over 80% of their sugar is exported and only 20% of ethanol is exported...I understand why its being played this way...but Im thinking longer term as an energy play...rumblings from both macain and obama camps that they would be for removing the ethanol tarrifs... I can only pray
Indeed... the extreme, in this case, is that lots of people believe that the GSEs are masking insolvency at this point, and there is still a ton of downward pressure -- almost a third of outstanding shares are short if not more. Generally financials are pretty much all bleeding red right now. It's so bad that Bank of America issues a statement saying "we're actually OK, we don't need to raise capital" and everyone else is like "yeah, right."
this is true but i'd like to see more of a sell off to really start buying. i saw some poll that said bearishness was reaching it's highest levels in like 13 years. i'd really like to see a nice spike in the VIX before i look for an oversold bounce.
the statement their ceo said was more like "we don't need to raise capital or cut the dividend...............but things can change". this immediately made me question their ceo. bac is yielding like 12+% so obviously the street knows they will be cutting their div but the ceo has the balls to come out spew some bs like that. very questionable stuff there and doesn't exactly instill confidence in investors.
Did you catch the Markit ABX AAA Index close today? It spiked down again after being stable for the past week. We might see another waterfall decline in the markets. I tempted to dabble back into equities at this point to take this short trade. I'm just shy doing it since my core competence is so narrow in commodities.
Yeah, but look at the good companies they are getting killed as well. The DRY bulk companies are making record profits but their stock is getting crushed. Same with companies like msft, ge, even xom. We have companies in the 5-6 future pe range. Heck even BAC is probably a good buy maybe at 15.
ok so ive invested a little bit with a group of people, however, Im young, and am looking to invest in something that I can just keep til I retire. Every retired person I talk to says that they wish they had invested even just a little bit of money when they were younger because of the growth. Now Im a newbie when it comes to this stuff and a little intimidated about it, cause I dont want to lose money. What should I look into to start myself off? Help is much appreciated. So far, all ive really thought of is IRAs and Roth IRAs....
I agree with you, and in any bear market there are always going to be babies that get thrown out with the bath water. I wouldn't necessarily put XOM in that list -- I get the sense that oil has peaked where it is right now, and regardless of how well big oil does, energy stocks in general are going to be dragged down whenever oil decides to take a nosedive, which could be anytime in the next couple of months. Heck, just look at what happened to the previously robust energy stocks with the small sell-off we had this week. Point is ... this bear market has not bottomed yet, and inexperienced bargain hunters could find themselves in a world of hurt trying to bottom fish right now. I think the markets will start to recover before year's end, but now's just not the time to go fishing.
i'd go with a roth IRA. i'm trying to think of a stock that is safe enough you can even think about buying and forgetting about but i can't think of one lol. as things stand now i really think there are some good values developing in the preferred stock/bond market. let me think about this a bit and maybe i can think of something.
cheap can always get cheaper and a lot of experienced value buyers are getting their face's plowed by "value" stocks. that being said we are getting to some pretty cheap valuations and this earnings season should be interesting.
I invested in Chevron (CVX) a little over a year and a half ago. It was around 64 bucks when i bought it. Currently its sitting at 96 plus. At one point it was in the 102/103 range. It has been a good year for me.
