[quote]AssOnGrass wrote:
Yikes not a good day for my investments
But looking at the price of some of these prime companies is tempting.
Must. Stick. To. Paying. Off. Debt. And. Don’t. Put. Savings. Into. Market.[/quote]
The PE is still in the 20s and the divident yield below 3%. Wait until the market gets to 8000 and begin nibbling , on the way down to 3000. That’s my best estimate of the bottom.
[quote]AssOnGrass wrote:
Yikes not a good day for my investments
But looking at the price of some of these prime companies is tempting.
Must. Stick. To. Paying. Off. Debt. And. Don’t. Put. Savings. Into. Market.[/quote]
I think it’s time to buy. My great aunt bought IBM during the Depression. What a filthy-rich old lady she was. She had enough shares to sit on the board for awhile.
[quote]rainjack wrote:
Noodle_Arms wrote:
AssOnGrass wrote:
Yikes not a good day for my investments
But looking at the price of some of these prime companies is tempting.
Must. Stick. To. Paying. Off. Debt. And. Don’t. Put. Savings. Into. Market.
Yeah this isn’t the bottom.
But this is close to the bottom to start buying. So you miss the bottom by a couple of bucks. You’ll probably miss the top, too - but a person who sees this as w wonderful opportunity will make a bunch of money, regardless.
I am ecstatic over the vote. I called my representative yesterday to make damn sure he was one of those evil house republicans that was throwing a fit. He was. The rep in the district just to the south of us made a point of getting on the Lubbock radio stations to tell everyone listening that he would never vote for this kind of takeover of the private markets.
On a great note, oil is down to $95/barrel - a free fall of over $10/barrel and the Euro is crashing against the dollar.
I hope there is a special place in hell for that fucking cunt Pelosi, and her sister Barney Frank. Lying pieces of shit, the both of them.
Kudos to the regular american voter. [/quote]
What are you looking at buying, RJ? Are there any ETFs you could recommend?
[quote]ryanjm wrote:
This whole situation is pretty entertaining no matter how it plays out. You’ve got massive turmoil in congress, everyone is just voting however they want and disregarding party leadership, tons of voters calling in to say they hate this, etc…
[/quote]
They aren’t voting however they want. They are listening to their constituency. Imagine that - politicians actually listening tothe people who put them there.
I would really like to believe that all the ones who voted “no” are our friends. Unfortunately I believe they all are planning to vote something through, It just hasn’t been watered down to a level of crime they all can live with yet.
I think our only chance is it gets dragged out long enough it becomes apparent the sky is not falling and the market is actually working it out on its own. If that happens it may become too difficult for them to perpetrate this crime.
[quote]Headhunter wrote:
AssOnGrass wrote:
Yikes not a good day for my investments
But looking at the price of some of these prime companies is tempting.
Must. Stick. To. Paying. Off. Debt. And. Don’t. Put. Savings. Into. Market.
The PE is still in the 20s and the divident yield below 3%. Wait until the market gets to 8000 and begin nibbling , on the way down to 3000. That’s my best estimate of the bottom.
[/quote]
Are talking about a particular stock?
Nothing I hold has a PE of more than 17.5 - and only 2 have a PE of greater than 12. My divi yield ranges from 1.63% (Walmart) to over 27%.
I am a little confused as to what you are talking about.
I think it’s interesting the financials (XLF) are down over 10%, yet Wells Fargo & JP Morgan are holding strong. I bought Wells Fargo. I’m not sure if I will make it a keeper or just trade it. As I mentioned in another thread, I think it’s very telling when a stock holds up while its peers tumble.
[quote]rainjack wrote:
They aren’t voting however they want. They are listening to their constituency. Imagine that - politicians actually listening tothe people who put them there. [/quote]
That’s exactly what I mean, maybe I wasn’t clear. So often you see them just fall into line with the leadership and vote however they’re told by party leaders. It’s pretty refreshing actually.
[quote]on edge wrote:
I would really like to believe that all the ones who voted “no” are our friends. Unfortunately I believe they all are planning to vote something through, It just hasn’t been watered down to a level of crime they all can live with yet.
I think our only chance is it gets dragged out long enough it becomes apparent the sky is not falling and the market is actually working it out on its own. If that happens it may become too difficult for them to perpetrate this crime.[/quote]
Actually, if they were to allow the market deal with its own problem - it would not be a crime for anyone.
If you bought a house you can’t afford - get the fuck out.
If you made a loan that is now worthless - tough shit.
Suspend S-O requirements for the junk mortgages.
This isn’t the rocket science the greedy fuckers in DC and Wall Street want us to believe.
[quote]rainjack wrote:
Headhunter wrote:
AssOnGrass wrote:
Yikes not a good day for my investments
But looking at the price of some of these prime companies is tempting.
Must. Stick. To. Paying. Off. Debt. And. Don’t. Put. Savings. Into. Market.
The PE is still in the 20s and the divident yield below 3%. Wait until the market gets to 8000 and begin nibbling , on the way down to 3000. That’s my best estimate of the bottom.
Are talking about a particular stock?
Nothing I hold has a PE of more than 17.5 - and only 2 have a PE of greater than 12. My divi yield ranges from 1.63% (Walmart) to over 27%.
I am a little confused as to what you are talking about.
[/quote]
He’s talking about the S&P 500. The best, single thing to watch.
Edited for quote screw up
[quote]rainjack wrote:
on edge wrote:
I would really like to believe that all the ones who voted “no” are our friends. Unfortunately I believe they all are planning to vote something through, It just hasn’t been watered down to a level of crime they all can live with yet.
I think our only chance is it gets dragged out long enough it becomes apparent the sky is not falling and the market is actually working it out on its own. If that happens it may become too difficult for them to perpetrate this crime.
Actually, if they were to allow the market deal with its own problem - it would not be a crime for anyone.
If you bought a house you can’t afford - get the fuck out.
If you made a loan that is now worthless - tough shit.
Suspend S-O requirements for the junk mortgages.
This isn’t the rocket science the greedy fuckers in DC and Wall Street want us to believe. [/quote]
Your misunderstanding my post. I agree with you 100%
[quote]PRCalDude wrote:
What are you looking at buying, RJ? Are there any ETFs you could recommend?
[/quote]
I don’t do ETF’s, but someone was pushing one in the threads just the other day to Mage, I think.
GE is looking real nice: $23.10/share, 10.81 P/E, and a yield of about 5.37%.
Altria is looking good, too - $19.35/share, 12.5 P/E. and a yield of over 6%.
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
[quote]rainjack wrote:
PRCalDude wrote:
What are you looking at buying, RJ? Are there any ETFs you could recommend?
I don’t do ETF’s, but someone was pushing one in the threads just the other day to Mage, I think.
GE is looking real nice: $23.10/share, 10.81 P/E, and a yield of about 5.37%.
Altria is looking good, too - $19.35/share, 12.5 P/E. and a yield of over 6%.
[/quote]
My guy at Citi liked GE. I think I’m going to get some AT&T tomorrow.
[quote]bdog527 wrote:
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
[/quote]
Something will be done. If it’s not, I’ll just be heading up to where the Prius-driving liberal crazies live with my guns to borrow whatever I need ;).
[quote]bdog527 wrote:
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
[/quote]
And then it will get better. Where were you when the S&P gained 400 billion last week? The only people losing right now are the people selling.
The government takeover of the financial markets can never end with anything being better.
[quote]bdog527 wrote:
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
[/quote]
QFT.
Everyone celebrating this bill not getting passed reeeeeally needs to temper their enthusiasm. We are in for a long and painful road.
[quote]rainjack wrote:
bdog527 wrote:
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
And then it will get better. Where were you when the S&P gained 400 billion last week? The only people losing right now are the people selling.
The government takeover of the financial markets can never end with anything being better. [/quote]
Last week is over. Done. You keep looking back and thinking rosy thoughts about how it will get better in the future while the U.S. economy burns. Good luck with that.
Quick history lesson: The last depression the U.S. went through lasted 10 years and it took a global war to get things going again. These types of events don’t just “get better” on their own.
[quote]Noodle_Arms wrote:
bdog527 wrote:
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
QFT.
Everyone celebrating this bill not getting passed reeeeeally needs to temper their enthusiasm. We are in for a long and painful road. [/quote]
If you are in debt, and can’t afford it - you deserve whatever you get. There should be no bail out for stupidity.
That goes for Wall Street to Main Street to the back streets.
Hopefully this is a wake up call for everyone living beyond their means.
[quote]bdog527 wrote:
rainjack wrote:
bdog527 wrote:
25%-30% unemployment is on the way if they don’t put something together and get it passed. It’s easy to be self-righteous when the lights are on but give people a month of a depression and they’ll be screaming for a new deal.
The S&P just lost 800 billion in market cap today. That is 50 billion more than the treasury plan would’ve cost us. It will get worse if nothing is done.
And then it will get better. Where were you when the S&P gained 400 billion last week? The only people losing right now are the people selling.
The government takeover of the financial markets can never end with anything being better.
Last week is over. Done. You keep looking back and thinking rosy thoughts about how it will get better in the future while the U.S. economy burns. Good luck with that.
Quick history lesson: The last depression the U.S. went through lasted 10 years and it took a global war to get things going again. These types of events don’t just “get better” on their own.
[/quote]
Well - you keep waiting for the sky to fall. More money is made with blood in the streets than there ever will be by sucking on a government tit.