NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Buy, buy, buy...
I don't care what you buy. Just buy, and buy often.
The more you buy, the more we will all win.
NWB - Are you OK?
Thanks for your concern, but I am quite OK.
I have done my share of buying, a bit too early.
Now, it's you guys' turn.
Buy, buy, buy...
PS. Just imagine if the whole world clicks on "buy". Would the market not immediately jump to infinity if there were no seller? Would not everyone win?
I was joking earlier. In case somebody missed it, I will elaborate a bit here.
For a play on a market bounce, anything can do. One can just get the index, or looks for stocks that were beaten down bad for a dead-cat bounce.
For longer-term holdings, it takes some work to look. I could not help noticing that forward P/E's are still all over the place. Many stocks now have single-digit forward P/Es including technology stocks and many biotechs, while some like Amazon and Netflix numbers are still in the 50s. But then, some people will say that it's futile, that future prospects are already built-in to the prices.
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