Dawg52
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
They got this foam padding stuff you can get and it has..oh wait er nm
Filling in for Rewahoo while hes RVing?
They got this foam padding stuff you can get and it has..oh wait er nm
Mines physical, I bang my head up against a wall. Got a baseball size bump on my forehead as I type this.
One does have to wonder when the water torture will end, though. Drip, drip, drip. The chart over the last six weeks just looks about as brutal as any six-week chart I can remember seeing -- it puts much of the 2000-02 period to shame in terms of this much decline in this short a time frame. Only September 2002 was worse in recent history, and that, of course, turned out to be the capitulation. Panic sellers in 9/02 would have been kicking themselves.I am really in buy mood today. Many stocks I watch closely are so attractive. Buy buy buy.
Never mind. Gave every bit of it back today.In particular it looks like REITs were up 7-8%. What happened there?!?!
One does have to wonder when the water torture will end, though. Drip, drip, drip. The chart over the last six weeks just looks about as brutal as any six-week chart I can remember seeing -- it puts much of the 2000-02 period to shame in terms of this much decline in this short a time frame. Only September 2002 was worse in recent history, and that, of course, turned out to be the capitulation. Panic sellers in 9/02 would have been kicking themselves.
At some point all the scared money will be out. I just wish I knew when that was so I could go all in. I wouldn't be surprised to see Dow 10,000 tested as more and more doomsday news gets the ink, but I doubt it would stay there long unless the doomsday people are right this time. Right now it just looks like everything is an [-]excuse[/-] reason to sell.
One does have to wonder when the water torture will end, though. Drip, drip, drip. The chart over the last six weeks just looks about as brutal as any six-week chart I can remember seeing -- it puts much of the 2000-02 period to shame in terms of this much decline in this short a time frame. Only September 2002 was worse in recent history, and that, of course, turned out to be the capitulation. Panic sellers in 9/02 would have been kicking themselves.
At some point all the scared money will be out. I just wish I knew when that was so I could go all in. I wouldn't be surprised to see Dow 10,000 tested as more and more doomsday news gets the ink, but I doubt it would stay there long unless the doomsday people are right this time. Right now it just looks like everything is an [-]excuse[/-] reason to sell.
Today I looked at IP ( international Paper ) . I sold 5,000 shares in 2001 at 40 and today it's at 22.29 . I'm suddenly feeling better about the market .
Which is even more pithy than Warren's favorite sayingBuy on cannons, sell on trumpets
Be greedy when others are fearful, and fearful when others are greedy
The market and news is looking and feeling very sick. We are either near a low and ready for a big rally or ready to fall off the cliff and go into the first serious recession in a long time. Please, whoever has the working crystal ball, fill us in. It's never too late to get fully invested or save some money. Risky asset markets tend to be like that. It's so much fun
I think the market still hasn't felt the full impact of the lending restrictions and bankruptcies from ARMs people couldn't afford. Since they really only started tightening up lending restrictions 6 months ago people that were counting on refinancing are just starting to think about not make their payments in earnest. Losing your house is a slow process. I think we've got another year and a half of fallout before we can think about saying it's bottomed out.
I know there are many people that have the same views. The problem is that there are many more people investing in the market and the market has no long term memory. They will essentially forget about the whole housing debacle and will be completely shocked and unprepared every time a lender posts a loss.
The interesting thing, though, is that once the pain is mostly behind the big financials, they'll be screaming buys. They may be selling for prices that would lead to a P/E in the mid single-digits under periods of typical profitability.especially consider the really low P/Es of financials right now. The market expects them to post record losses in the following 2-3 quarters so that when it is all said and done their P/Es will either be N/A or in the high 20s... in other words, a lot of the drop in regards to the banking/market has already happened, which is tough for many value investors looking for attractive YoY earnings and revenue growth, P/E and PEG ratios...
The interesting thing, though, is that once the pain is mostly behind the big financials, they'll be screaming buys. They may be selling for prices that would lead to a P/E in the mid single-digits under periods of typical profitability.
The question, of course, is: when does the falling knife finally get stopped by the block of wood so it's safe to pick up?
I was thinking the same exact thing... when Citigroup fell from $50 to $28 with a $2.10 a year dividend (it recently dropped to $1.28 ) I was salivating. Then, it went down to $22... and I got a little aroused. Now it is bouncing around $16-18, when will the writing be on the wall...
Well, I'd say that pretty much covers the entire spectrum of market forecasts. I hope you can get a refund on the time & life effort you expended on that analysis.We are either near a low and ready for a big rally or ready to fall off the cliff and go into the first serious recession in a long time.
Of course, almost any time the market prices a stock with a yield like that -- especially in a low interest rate environment -- the market is telling you that it doesn't expect the current dividend to be sustained much longer.Funny you should mention Citigroup. For what it's worth, I have been looking at Citigroup for a while too. I finally bought in earlier this morning. I think it has more upward potential than downward potential right now. The dividend of 7.8% is just about the rate of return I am looking for in dividend-paying stocks, so it's the perfect fit for me right now.
Funny you should mention Citigroup. For what it's worth, I have been looking at Citigroup for a while too. I finally bought in earlier this morning. I think it has more upward potential than downward potential right now. The dividend of 7.8% is just about the rate of return I am looking for in dividend-paying stocks, so it's the perfect fit for me right now.