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Free fall......
Old 08-08-2011, 08:45 AM   #1
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Oil down to $83 a barrel, Dow has fallen 300+ points so far, gold has risen to $1701 an ounce, Europe is going to try bailing out Italy and Spain. Hang on....

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Old 08-08-2011, 09:13 AM   #2
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There are a number of oversold stocks with excellent fundamentals, growing EPS, etc. that represent some nice buying opportunities - they just look better and better the more the market falls.

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Old 08-08-2011, 09:17 AM   #3
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They don't look that good if you bought them last month. Dumped all mine last week. Buy them back when it starts leveling out. Too risky. Remember when you could et 17.5% on a CD back in the 70's? We're going there again.
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Old 08-08-2011, 09:17 AM   #4
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Tine to BUY


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Old 08-08-2011, 09:18 AM   #5
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I sold a hunk of these stocks in February, one at $59.75. It bounced under $45.00 this morning and the buy orders kicked in - it's up $1.00 since then. We'll see - I may have missed the bottom on that one!

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Old 08-08-2011, 09:20 AM   #6
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Good luck.
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Free fall
Old 08-08-2011, 09:22 AM   #7
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I hope CD's get to 17. Im getting really tired of 1/2 to 1.8.
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Old 08-08-2011, 09:28 AM   #8
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German market down almost 5% right now. This market is going to float out all the specs the next few days and then take a fall. Just my opinion.
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Old 08-08-2011, 09:49 AM   #9
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There's an old truism that states that underlying every trade is someone who's convinced a stock is going to drop selling to someone else who's just as convinced that the same stock is going to rise.

Oversimplified in these days of options and more complex investment vehicles, perhaps, but there's still an element of truth there.

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Old 08-08-2011, 10:20 AM   #10
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Now days the computers control the markets and large amounts of shares will be sold and bought just due to percentage drops and rises. Pity the poor individual who is trying to ride this out.
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Old 08-08-2011, 11:01 AM   #11
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Get ready for a fall. HE's going to speak shortly. Wonder who's going to get the blame now?
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Old 08-08-2011, 11:05 AM   #12
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Quote:
Originally Posted by stuhly View Post
I hope CD's get to 17. Im getting really tired of 1/2 to 1.8.

CD's were 17% so were mortgages and inflation----depends on what time of life you are in I guess.
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Old 08-08-2011, 11:46 AM   #13
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Locked in the last Mortgage for 8% in August '74 before it took off. Had two Shell stations. Sold out when gas went to $.49/gal. Profit was about $.11/gal. Made money hand over foot. Retired first time in '76.

HE can't even make a press confer on time.


Dow's down 427 points.
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Old 08-08-2011, 12:18 PM   #14
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I knew HE would straighten this mess out OH WAIT the Dow's down another 75 points

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