Home › Forums › Financial Markets/Economics › Time to buy the stock market?
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January 30, 2009 at 9:50 PM #339630January 30, 2009 at 10:07 PM #339116peterbParticipant
“Dollar cost averaging” is Wall Street speak for “Take these suckers for a long ride”. If you know something is getting cheaper, why buy it now??????? The trick is to buy things that are increasing in value, not decreading!! Sometimes I really questions the US educational system.
January 30, 2009 at 10:07 PM #339444peterbParticipant“Dollar cost averaging” is Wall Street speak for “Take these suckers for a long ride”. If you know something is getting cheaper, why buy it now??????? The trick is to buy things that are increasing in value, not decreading!! Sometimes I really questions the US educational system.
January 30, 2009 at 10:07 PM #339538peterbParticipant“Dollar cost averaging” is Wall Street speak for “Take these suckers for a long ride”. If you know something is getting cheaper, why buy it now??????? The trick is to buy things that are increasing in value, not decreading!! Sometimes I really questions the US educational system.
January 30, 2009 at 10:07 PM #339566peterbParticipant“Dollar cost averaging” is Wall Street speak for “Take these suckers for a long ride”. If you know something is getting cheaper, why buy it now??????? The trick is to buy things that are increasing in value, not decreading!! Sometimes I really questions the US educational system.
January 30, 2009 at 10:07 PM #339660peterbParticipant“Dollar cost averaging” is Wall Street speak for “Take these suckers for a long ride”. If you know something is getting cheaper, why buy it now??????? The trick is to buy things that are increasing in value, not decreading!! Sometimes I really questions the US educational system.
January 30, 2009 at 10:16 PM #339121EugeneParticipant[quote]Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600″[/quote]
Wow, some really bad advice in this thread.
We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).
If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.
Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.
January 30, 2009 at 10:16 PM #339449EugeneParticipant[quote]Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600″[/quote]
Wow, some really bad advice in this thread.
We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).
If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.
Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.
January 30, 2009 at 10:16 PM #339543EugeneParticipant[quote]Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600″[/quote]
Wow, some really bad advice in this thread.
We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).
If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.
Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.
January 30, 2009 at 10:16 PM #339571EugeneParticipant[quote]Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600″[/quote]
Wow, some really bad advice in this thread.
We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).
If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.
Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.
January 30, 2009 at 10:16 PM #339665EugeneParticipant[quote]Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600″[/quote]
Wow, some really bad advice in this thread.
We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).
If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.
Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.
January 31, 2009 at 12:21 AM #339162stockstradrParticipantesmith,
YES, I can understand your pumping and pimping your “miners” to get suckers to buy ’em and push up the price.
After all, you have a LOTTA ground to make up.
You were buying them back in Oct 2008 and advising us do the same:
http://piggington.com/undervalued_stocks
And now your RTP has fallen from your purchase price of $139 down to $86. That’s -38%! Nice call on that one.
If you want to get some suckers to buy and push your tanked mining stocks up, maybe you should try a wider audience like make some videos for youtube.com?
Now I suppose I should finish on a positive note.
I have further tortured my mind by looking at a good number of your previous posts, and have concluded you frequently have given VERY GOOD advice on financial markets and investing (with exception of your stinking mining stocks)
However, now, yes NOW maybe MAYBE getting close to a good time to buy those general commodity mining stocks. Even a broken clock tells the correct time twice a day.
You have to remember that the commodities crash has really screwed the general commodity miners. They will go bankrupt if mined commodities continue to stay this low…additionally, mining requires continual and substantial re-investment but the credit markets are frozen, esp. for the miners.
Yet, the gold (and silver) miners are making plenty of money because precious metals never fell nearly as much in price as did other mined commodities.
January 31, 2009 at 12:21 AM #339489stockstradrParticipantesmith,
YES, I can understand your pumping and pimping your “miners” to get suckers to buy ’em and push up the price.
After all, you have a LOTTA ground to make up.
You were buying them back in Oct 2008 and advising us do the same:
http://piggington.com/undervalued_stocks
And now your RTP has fallen from your purchase price of $139 down to $86. That’s -38%! Nice call on that one.
If you want to get some suckers to buy and push your tanked mining stocks up, maybe you should try a wider audience like make some videos for youtube.com?
Now I suppose I should finish on a positive note.
I have further tortured my mind by looking at a good number of your previous posts, and have concluded you frequently have given VERY GOOD advice on financial markets and investing (with exception of your stinking mining stocks)
However, now, yes NOW maybe MAYBE getting close to a good time to buy those general commodity mining stocks. Even a broken clock tells the correct time twice a day.
You have to remember that the commodities crash has really screwed the general commodity miners. They will go bankrupt if mined commodities continue to stay this low…additionally, mining requires continual and substantial re-investment but the credit markets are frozen, esp. for the miners.
Yet, the gold (and silver) miners are making plenty of money because precious metals never fell nearly as much in price as did other mined commodities.
January 31, 2009 at 12:21 AM #339583stockstradrParticipantesmith,
YES, I can understand your pumping and pimping your “miners” to get suckers to buy ’em and push up the price.
After all, you have a LOTTA ground to make up.
You were buying them back in Oct 2008 and advising us do the same:
http://piggington.com/undervalued_stocks
And now your RTP has fallen from your purchase price of $139 down to $86. That’s -38%! Nice call on that one.
If you want to get some suckers to buy and push your tanked mining stocks up, maybe you should try a wider audience like make some videos for youtube.com?
Now I suppose I should finish on a positive note.
I have further tortured my mind by looking at a good number of your previous posts, and have concluded you frequently have given VERY GOOD advice on financial markets and investing (with exception of your stinking mining stocks)
However, now, yes NOW maybe MAYBE getting close to a good time to buy those general commodity mining stocks. Even a broken clock tells the correct time twice a day.
You have to remember that the commodities crash has really screwed the general commodity miners. They will go bankrupt if mined commodities continue to stay this low…additionally, mining requires continual and substantial re-investment but the credit markets are frozen, esp. for the miners.
Yet, the gold (and silver) miners are making plenty of money because precious metals never fell nearly as much in price as did other mined commodities.
January 31, 2009 at 12:21 AM #339611stockstradrParticipantesmith,
YES, I can understand your pumping and pimping your “miners” to get suckers to buy ’em and push up the price.
After all, you have a LOTTA ground to make up.
You were buying them back in Oct 2008 and advising us do the same:
http://piggington.com/undervalued_stocks
And now your RTP has fallen from your purchase price of $139 down to $86. That’s -38%! Nice call on that one.
If you want to get some suckers to buy and push your tanked mining stocks up, maybe you should try a wider audience like make some videos for youtube.com?
Now I suppose I should finish on a positive note.
I have further tortured my mind by looking at a good number of your previous posts, and have concluded you frequently have given VERY GOOD advice on financial markets and investing (with exception of your stinking mining stocks)
However, now, yes NOW maybe MAYBE getting close to a good time to buy those general commodity mining stocks. Even a broken clock tells the correct time twice a day.
You have to remember that the commodities crash has really screwed the general commodity miners. They will go bankrupt if mined commodities continue to stay this low…additionally, mining requires continual and substantial re-investment but the credit markets are frozen, esp. for the miners.
Yet, the gold (and silver) miners are making plenty of money because precious metals never fell nearly as much in price as did other mined commodities.
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