Prepare for a market bloodbath monday
- Thread starter papajohn56
- Start date
Been waiting for this dip for over a year. Will be looking to buy some dividend yielding stocks but not anytime soon. Will be fun watching, my cash may be making a shit 1% per year, but it ain't dropping 8% in two days either.
Asset acquisition mode for us cash hoarders starts soon. I'm buying everything from domains to cheap labor to cameras to a new surfboard. Still gotta get that gun and ammo too.
Asset acquisition mode for us cash hoarders starts soon. I'm buying everything from domains to cheap labor to cameras to a new surfboard. Still gotta get that gun and ammo too.
if you read what i replied to i was saying its probably the best/most stable currency right now... its so good that they are having problems its so good
Been watching yhoo along with aol. also, amd (and intc). Will watch for another day or two, may buy something later...
I'd wait another week or two for this to flesh out, but I'm definitely going to be adding some new positions here soon. I love long-term, stable companies that pay high dividends. I'm talking Coca-Cola, Verizon, Kimberly Clark, Procter & Gamble, etc. (Disclaimer: I have shares of all of those companies) People don't stop buying toilet paper and toothpaste when the stock market goes down. So there are some good opportunities in companies like those.
I also have some positions in REITs--I like MPW here. They are doing retirement homes. People aren't going to stop getting older.
I feel pretty safe with positions like these. Diversification is the key, though; never hold one single category (even if it's something "safe" like consumer products) or only one industry.
I also have some positions in REITs--I like MPW here. They are doing retirement homes. People aren't going to stop getting older.
I feel pretty safe with positions like these. Diversification is the key, though; never hold one single category (even if it's something "safe" like consumer products) or only one industry.
IMO it's a good time to get in. We might see some more downward volatility but i don't think it will be very severe. QE3 is coming soon and the market loves it.
Fortunately I had the foresight to buy BP when it was near it's low point. I had a gut feeling they would rebound from the spill fiasco.
You missed the deadline which was midnight. Your timestamp shows 3:54 am. Please check original post when I laid out that condition.
And after today, I'm happy nobody took the bet in time, 'cause it's gotten irrational and who knows where we are going to end up by the time September rolls around.
Note: If I am reading the timestamp wrong, or wickedfire doesn't time stamp the posts, shoot me a PM and I'll honor the bet. Pretty sure that my portfolio (barring the dividend stocks) took a bloodbath today so what's another $20?
Funny, reading subscriber comments on my stock newsletters (I'm the tech guy for two of them).
1. The gold guys are laughing their asses off.
2. The oil and natural gas guys are shrugging their shoulders and listing off the stocks they plan to buy this week.
Lots of undervalued gems out there now, like some with dividends of about 10% with payout ratio at about 50%.
Not to say it won't go down again but....
1. The gold guys are laughing their asses off.
2. The oil and natural gas guys are shrugging their shoulders and listing off the stocks they plan to buy this week.
Lots of undervalued gems out there now, like some with dividends of about 10% with payout ratio at about 50%.
Not to say it won't go down again but....
Verizon sure seems stable right now...
Verizon unions strike after contract talks fail - Yahoo! UK & Ireland Finance
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Strikes don't matter as more and more http://www.wickedfire.com/shooting-shit/132577-pa-welfare-recipients-get-free-cell-phones.html , which helps Verizon and answers the question of http://www.wickedfire.com/shooting-shit/132861-how-does-government-create-jobs.html
Wat. AUD is not very safe at all, if growth weakens in China then the AUD will plummet. AUD is also propped up at the moment because of our relatively high interest rate, when the RBA didn't increase interest rates by a quarter of a precent the AUD dropped around $0.05 and the market was only half expecting a rate hike.
Also the AUD is way to small for any serious investors to put any type of large holding, it's never going to become a safe bet like the USD was or like swiss francs are at the moment.
Interesting day of trading, buying on the way down is scary indeed
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