Is it a great time to buy stocks now - Octrober 11, 2008? Since most prices are down?

[DNP]

subj.

 

[stock_post]

The views I am getting are buy for 20% to 25% of the money you want to invest.
And go in phases.

And l am thinking of going in with very little money I have in the kids account.
-- Their college fund - no money left in my personal accounts. (broke)

 

[Chuck]

I don't do much worth anything in the stocks but have been trying to pay attention and learn as of late. I think a newbie can get in right now with some good deals and not have to dump a ton into it. I wouldn't think you'd see any up-swing for a good six month but that's just my "newbie" opinion.

 

[Honan]

subj.

Currently the risk of losses outweigh any possible gains

Ask the same question again after the USA elections are decided

 

[jdk]

The last week and a half have been a big money maker for my with the financial stocks.

I say it is a definate time to buy. Everyone is worried causing prices to go down. If you have a little money to invest, buy stocks and hold them until confidence is regained and the market rebounds.

I'll only charge 3% of gains for my consultation

 

[lordbyroniv]

Stay Away

Be Afraid

Be VERY VERY afraid

 

[south]

Treat the market like a trip to vegas right now. You could make out well, but plan on losing everything you gamble. Fundamentals have been irrelevant the last few weeks.

That said, I definitely see some good deals to be had, if you're willing to take some risk.

Interesting chart: http://www.quote.com/us/stocks/char...pe=LINE&chartUi.size=620x300&chartUi.minutes=

October is scary..

 

[Gregcyber]

Most of the financial problems are related to the housing markets and jobs going over seas.
When you see jobs coming back to US soil invest in socks.

I would wait till next year before buying any stocks.

If Obama wins the election expect the US to have a Great Recession.

 

[anatoly]

i don't think we've seen the bottom just yet, the problem is not just the credit markets but the confidence in the system. right now there is not much (or at all) confidence so the markets will keep going down. the price will eventually stabilize and will start increasing very slowly. that should be a sign of economy turning around. so for now its better to watch.

 

[theinvestor]

For those serious about investing....you need to remember a few things.

1. Do you already hold stocks? If not...

Why do you plan on buying? Is it because prices are going down and you think you can profit now? Or, do you want to buy and hold for a significantly long amount of time?

My opinion is, if you own stocks TODAY...you should be slowly buying on the way down and cost averaging.

If you are not in the market. You should be WAITING.

Here is why:

Although the current interest rate has been cut again to 1.5%. Do you actually know what banks are lending at? They are lending at a staggering 4% !! That's right folks. You know what this means? Banks are not willing to take risks and lending other banks. In a market with uncertainty, if banks are not lending each other...the market cannot recover.

So my suggestion, until you see banks lending each other...at 2%. Showing each other that the risk is gone. You will not see the market recover. So, my opinion is...the bottom has not hit.

Anyway, i hope my rambling helps some of you make wise decisions in the future.

 

[lordbyroniv]

This thing that gets me nervous is I dont see what the government(s) are doing to clear the toxic derivatives off the balance sheets

Nobody is going to lend unless and until these derivatives are neutralized

As such, the economy will continue to slow down significantly until and unless these derivatives are neutralized

I can EASILY see the dow at 5k because of BOTH a slower economy and confusion as to which companies are solvent

This is almost definitly going to get worse

 

[zangief]

It is just beginning , there is still hope that things will get better.Wait until everyone around you is hopeless about the future.That is the time to buy.
Don't forget the financial balloon is the cause of the crisis so do you see that the balloon is over ?
I do not.

 

[WebsiteTraders.Com]

buy google.......dont look at the prices for a year........then sell it

 

[stewie]

:nono:If you aren't in Stay out... Until you are sure the bottom has been reach... Nobody can pick the bottom so wait until you see it!!! don't worry about trying to get in at the very lowest point. Take less profit for the extra security of knowning the market is recovering. JMO

 

[Theo]

It is a good time, if you plan to hold long term.

And l am thinking of going in with very little money I have in the kids account. -- Their college fund - no money left in my personal accounts. (broke)

It's your choice but touching college funds set aside for the kids sounds like the ultimate gamble.

 

[TooManyDomains]

it is a good time, if you plan to hold long term.



It's your choice but touching college funds set aside for the kids sounds like the ultimate gamble.

agreed

 

[H2FC]

The best time to buy stocks is when the prices are low....just as they are now.

I look for this market to go straight back up once the lower rates, bailouts, and handouts take hold and things start returning to normal....remember this- the stock market always exaggerates everything....and its way oversold imho.

Now is an excellent time to buy good solar energy and wind power companies....the good ones have sold off and are at bargain prices right now. When Obama takes office he will push alternative energies and most of these stocks will explode in value....notice I said "when" Obama takes office....not "if".....

You should only invest in the alternative energy companies if you believe as I do....and even then I don't recommend going all in at one time....buy a few shares now and if the mkt continues down, buy a few more later. Its a great opportunity imo.

 

[Chuck]

The best time to buy stocks is when the prices are low....just as they are now.

I look for this market to go straight back up once the lower rates, bailouts, and handouts take hold and things start returning to normal....remember this- the stock market always exaggerates everything....and its way oversold imho.

Now is an excellent time to buy good solar energy and wind power companies....the good ones have sold off and are at bargain prices right now. When Obama takes office he will push alternative energies and most of these stocks will explode in value....notice I said "when" Obama takes office....not "if".....

You should only invest in the alternative energy companies if you believe as I do....and even then I don't recommend going all in at one time....buy a few shares now and if the mkt continues down, buy a few more later. Its a great opportunity imo.

I have to agree with you, bottom line is if you have some cash that you don't mind risking a bit, then it's a great time to buy!

 

[Gerry]

Personally, I think the best time will be right before the $700 bn bailout starts being doled out.

Bank stocks have been walloped. Look for some real bargains there and now may be a great time to buy bank stocks. The question remains who shall be sucked up. These are generally great bargains right before the announcement is made.

The worst that can happen is if the Fed gets involved. They negotiated the Bear Sterns deal that crushed per share prices to about $2.00 per share. A private deal that no one could get in on.

But, as every one else mentioned, long term holds would be the key.

Personally I would stay away from American automobile companies even though they appear as good bargains. Many reports indicate that if GM does not turn around quick it will be bankrupt by this time next year. Ford in 2 years. I think the ongoing merger talks between Chrysler and GM is evident of this.

Look very closely at discount retailers as the money crunch hit consumers hard for the holidays. WalMart may still be a good buy as well as Dollar General Stores.

Just as I would stay away from American automobile manufacturers, I would look closely at the Japanese and European makes, especially those that are placing emphasis on fuel efficiency and cleaner burning. I like VW and Toyota and Honda. I do not like Nissan, Jaguar, and a few other european makes. Volvo may be a good one to look at now that they are breaking ties with FORD.

Other sectors I like are the giant home improvement chains (especially Home Depot) as home sales stagnate, several in the tech sector although I think there is going to be some shaking out here also and a market correction to come. Look for some publically traded repossession companies or loan refi brokers as defaults on every type of revolving credit continues to rise.

DISCLAIMER:I am not a professional broker or financial advisor. I do not own any of the above mentioned stocks. Do what you want with your own money.

 

[tonyfloyd]

Treat the market like a trip to vegas right now. You could make out well, but plan on losing everything you gamble. Fundamentals have been irrelevant the last few weeks.

That said, I definitely see some good deals to be had, if you're willing to take some risk.

Interesting chart: http://www.quote.com/us/stocks/char...pe=LINE&chartUi.size=620x300&chartUi.minutes=

October is scary..

yeah...but in vegas...u get free drinks while u play!..