If the past week is any indication, there will be plenty more buying opportunities at < 90. I'm not holding anything overnight until the market shows that its not going to take a huge dump right before closing. It's a rollercoaster right now. I'd like to get in on Activision Blizzard at 10.
i'd also like a DQ Blizzard, because you can hold 'em upside down and they don't fall out of the cup. it's magic. this thread needs an enema.
Everyone needs to get off the doom and gloom and get back in. The panic is over. This is definately a buy opportunity like you may never see again in your lifetime. We are either at the bottom or very close to it so use wisdom but buy, buy, buy. Don't freeze up, buy, grab some bargains before they are all gone. Come on in, the water is fine.
Not yet....not yet. Be smart and watch the foreign markets before the open on Monday....Monday is the buy day if the G7 conference does what it is expected to do. DD
http://www.cnbc.com/id/25848427 Jefferies' Hogan: Market Will Bottom Today Topics:Earnings | Nasdaq | NYSE | Stock Picks | Stock Market Companies:General Electric | IBMBy CNBC.com | 10 Oct 2008 | 10:48 AM ET Text Size Attention bottom fishers. Pay attention today because the market will finally hit bottom. That's the bold prediction of Jefferies managing director Art Hogan, who told CNBC, "Enough is going to be enough. If you look at all the carnage we've done to major market indices the bottom gets put in today." Hogan says, explaining that investors have been ignoring such good news items as earnings from IBM and General Electric (parent of CNBC and CNBC.com), interest rate cuts and other government intervention measures into the market and engaging in "indiscriminate selling" stocks. Hogan says this weekend's meeting of the Group of Seven nations will help boost confidence. Stocks will go up, he says, and that "will cause the same kind of self-fulfilling prophecy" as it was on the way down. "People will say 'I don't want to miss the bottom' and get back in." As you can see from the accompanying video, Hogan made those statements several minutes before the stock markets opened Friday. At around 10.03 a.m. ET, the market turned higher -- if ever so briefly.
i just hope the fed doesnt make a peep for a while. Seeing their knee jerk reactions does not send the best signal for the market. Sit back, be calm and let this play out...they have done all they can
Clutch, per your advice earlier in this thread, I have been watching BAC closely. It is amazing to think the banking industry was such a solid performer and a "safe bet" as early as 2 years ago.
Guys, I've got a question. I know nothing about stocks. I have wanted to purchase random stocks for a while now. I'm still a student in law school, so the money isn't all that important to me in the short term. I just want to purchase a few hundred dollars in stock. Pretty much just to say that I own stock. It seems like a good time to buy since the stocks have been so low in comparison to where they have been. What is the best way for someone like me to buy a few stocks? When I find stock I want to purchase, to I have to buy a minimum amount of shares?
oh don't worry my chin is up because i am killing it but i do realize the credit bubble has popped. and what is our nation built on? debt. who knows exactly what macro gains are real and what are only pumped up by debt. it is amazing how hard it is to find companies that have been responsible with debt. this is not a simple bear market. this will be a fundamental restructuring of our economy...hopefully starting with our govt. i am afraid the move in the financials that preceded this crash in the market will be the pattern for america. we may not necessarily have a complete crash but there will be a pretty big contraction since there is simply less money available. further we are going to have to undertake massive inflationary policies to combat the lack of dollars out there. anyhow...now i do feel we will be better off with obama. i didn't want him before because he is gonna make me pay more in taxes but mccain just drives me further and further away from him. i am scared of obama having a democrat congress too but i feel he is the lesser of 2 evils. i don't think either candidate "get's it" but oh well...it's all we have. oh well back to the insanity....
ok i know it is just a rumor but bloomberg is reporting that the G-7 is considering stating that NO BANK IS OF SYSTEMIC IMPORTANCE TO FAIL...aka...they don't get it. ffs don't they see what the failure of lehman created? granted they couldn't really save lehman but how in the hell do they think about making this dumb statement. what do they think the failure of jp morgan or citi would do? oh well just have to wait and see what their comments really are this weekend.
I guess that takes care of me wanting to jump back into financials soon... hehe. http://www.bloomberg.com/apps/news?pid=20601087&sid=a98w5yhMHTyw&refer=home
Make sure that you don't just buy random stocks and do your research. For some reason people treat buying stock almost like an impulse purchase and often tend not to do the necessary due diligence. Not sure which broker has the best commission charges, but take a look at E-Trade, Scottrade, Ameritrade, Charles Schwab, etc. and see who has the best rates. I don't believe that there is a minimum you have to purchase (aside from 1 share).
I just signed up with www.zecco.com .. free trades in October for everyone (old and new members)...and they always have 10 free trades per month. I don't think their online help tools are supposed to be as good as the other places, but I like the prices..
