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-   -   stock excange starting the free fall? (https://gfy.com/showthread.php?t=881448)

grumpy 01-14-2009 09:12 AM

stock excange starting the free fall?
 
Going down all over europe, dow is down to.

dissipate 01-14-2009 09:14 AM

I've got 30+ years until retirement.... I see it as everything being on sale! BUY BUY BUY!

ADL Colin 01-14-2009 09:17 AM

Quote:

Originally Posted by dissipate (Post 15326536)
I've got 30+ years until retirement.... I see it as everything being on sale! BUY BUY BUY!

Absolutely. I loaded up October/November and nothing to do now but sit around. What did Munger say? Something like "we made most of our money sitting around and doing nothing".

GetSCORECash 01-14-2009 09:17 AM

Quote:

Originally Posted by dissipate (Post 15326536)
BUY BUY BUY!

BUY BUY BUY! What? everything has no value or perceived value today.

dissipate 01-14-2009 09:20 AM

Quote:

Originally Posted by SCORE-Cash (Post 15326552)
BUY BUY BUY! What? everything has no value or perceived value today.

IMHO a good place to find undervalued companies right now is in the luxury sector. A lot of the super wealthy have much of their money tied up in a bear market. This has caused a drop in luxury spending as they try to preserve their wealth. Take a peek a Wynn, Tiffany and Co, and like companies.

ADL Colin 01-14-2009 09:43 AM

Quote:

Originally Posted by dissipate (Post 15326568)
IMHO a good place to find undervalued companies right now is in the luxury sector. A lot of the super wealthy have much of their money tied up in a bear market. This has caused a drop in luxury spending as they try to preserve their wealth. Take a peek a Wynn, Tiffany and Co, and like companies.

Yeah I have some Tiff.

I'm hot on Caterpillar right now. massive infrastructure spending plans by US, China, Germany and probably more. In addition when economy reinflates mining and energy should get a boost and that is good for CAT too (mining equipment, etc etc).

6% of these infrastructure plans should go toward equipment purchase and rentals. CAT has big market share. It's a lot of dough when you work out the numbers.

grumpy 01-14-2009 10:44 AM

Quote:

Originally Posted by ADL Colin (Post 15326689)
Yeah I have some Tiff.

I'm hot on Caterpillar right now. massive infrastructure spending plans by US, China, Germany and probably more. In addition when economy reinflates mining and energy should get a boost and that is good for CAT too (mining equipment, etc etc).

6% of these infrastructure plans should go toward equipment purchase and rentals. CAT has big market share. It's a lot of dough when you work out the numbers.

great buy, they send out a profit warning, will take a year or two before those stocks pick up again. Markets will fall another 20-40% ( thats my personal prediction )

cleopatra0628 01-14-2009 10:54 AM

Quote:

Originally Posted by grumpy (Post 15327297)
great buy, they send out a profit warning, will take a year or two before those stocks pick up again. Markets will fall another 20-40% ( thats my personal prediction )

I did even better buy, by going into financials, you should see all the warnings I get every day.:Oh crap

TTiger 01-14-2009 10:57 AM

bookmarked threads

OG LennyT 01-14-2009 10:59 AM

The high-end retail and railroad sectors are getting smashed today.. it's been a buyers market since last September :)

Slappin Fish 01-14-2009 11:00 AM

DOW down almost 300 points.

I keep telling myself I am getting bargains but when you see the value of your portfolio shrink at such a pace it is hard to stay the course and carry on averaging down.

OG LennyT 01-14-2009 11:01 AM

Quote:

Originally Posted by ADL Colin (Post 15326689)
Yeah I have some Tiff.

I'm hot on Caterpillar right now. massive infrastructure spending plans by US, China, Germany and probably more. In addition when economy reinflates mining and energy should get a boost and that is good for CAT too (mining equipment, etc etc).

6% of these infrastructure plans should go toward equipment purchase and rentals. CAT has big market share. It's a lot of dough when you work out the numbers.

yep, CAT is an excellent buy for the reasons you mention :2 cents:

Obama and the Chinese like infrastructure :thumbsup

seeandsee 01-14-2009 11:02 AM

nice just down :(

woj 01-14-2009 11:23 AM

great time to buy :thumbsup

tranza 01-14-2009 11:29 AM

Time to buy it!!

grumpy 01-14-2009 11:38 AM

Quote:

Originally Posted by OG LennyT (Post 15327431)
The high-end retail and railroad sectors are getting smashed today.. it's been a buyers market since last September :)

in no way a buyers market, its a stay out market :)

sortie 01-14-2009 11:41 AM

Good luck.

Buying when the market slides for no reason is good but when the market is
sliding because companies are failing then why buy that stock.


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