10-10-2008, 02:52 PM | #1 |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
|
Bargains
There has to be some incredible bargains out there right now in the stock market. I wish I had more time to do some research.
Anybody scooping up some deals?
__________________
"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr. |
10-10-2008, 03:10 PM | #2 |
Join Date: Jan 2006
Location: Seattle, WA
Posts: 10,665
|
Yeah, I bought some "bargains" in the tech market meltdown only to have them fall 80%. The marked is showing no signs of forming a bottom. No one knows what's a bargain because no one knows what anything is worth anymore. I leave it to the "professionals" (yeah, right), to manage my accounts. I bet there were some bargain hunters that bought some WaMu stock really cheap a month ago. The market teaches that no matter your set backs life can always get A LOT worse.
__________________
Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
10-10-2008, 03:18 PM | #3 | |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
|
Quote:
__________________
"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr. |
|
10-10-2008, 03:26 PM | #4 |
Senior Member
Join Date: Dec 2006
Posts: 8,596
|
I just buy index funds, which are lower risk but decent return, and right now is a fantastic long-term buying opportunity.
__________________
"Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young |
10-10-2008, 03:32 PM | #5 |
Charon
Join Date: Jan 2006
Location: In the heart of darkness (Provo)
Posts: 9,564
|
Hmmm.... That's probably the best bet for an amateur like me in a time like this. It's still pretty scary to pull the trigger. But I have to believe that we are going to hit a bottom soon.
__________________
"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr. |
10-10-2008, 07:14 PM | #6 |
Senior Member
Join Date: Aug 2005
Location: Norcal
Posts: 5,821
|
|
10-10-2008, 07:43 PM | #7 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
|
EWBC. I own it.
Californian bank that caters to Chinese. Chinese always save! |
Bookmarks |
|
|