Posted on 03/12/2020 6:52:16 AM PDT by Bellflower
This economic downturn can become a windfall for wise investors. Are any freepers thinking about, or have already bought stocks that they believe are great investments? Let's take advantage of this downturn while we can. I knew a lady that sold her house to buy stocks during the great depression and became very rich doing so. Let's help each other out with wise investment advice. While others panic we Conservatives can prosper. Even if things get worse and stocks fall, they are likely to rebound greatly. If everything ultimately tanks, which is unlikely, its all a mute point anyway.
GOJO is privately held.
Georgia Pacific! They have never sold so much paper products!
WHAT????!!! I’ve got to go lay down.
We will have to see how this shakes out economically and we are a very long way from that.
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True. The market hates uncertainty. Long term investors are waiting for things to settle.
If you are patient and have a long time frame (3 plus years) I would suggest making a contrarian play. Buy some of the stocks that got hammered/over sold. For example Exxon Mobil (NYSE:XOM) is down almost 50% year to date and has a dividend around 7%.
This is not the time to invest.
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It may not be the best time, but somebody who buys now will make out in the long run.
Analysis from last night. The focus was only on the energy sector. Here you go:
EPD - Enterprise $11.50 buy price.
XOM - EXXON - This is a big BUY right now. $39.50 buy price
TRGP - Targa - $10.5 buy price
PXD - Pioneer - $66.00 buy price.
CVX - Chevron - $79.00 buy price.
COP - Conoco - $31.00 buy price.
VLO - Valero - $52.00 buy price
HAL - Haliburton - $7.00 buy price
NBL - Nobel Energy - $6.00 buy price.
ET - Energy Transfer - $6.00 buy price.
OXY - Occidental Petrol. - $11.00 buy price.
APA - Apache - $7.50 buy price.
It’s possible that the market will take a 25K hit downward from it’s recent highs.
And yes, there are studies by very smart folks that have taken the Corona Virus type scenario (and worse) and produced predictive models for the markets. Someone involved in such modeling produced the numbers above.
Bottom line? Exxon is a bargain.
I’ve been doing that for a week.
ENOUGH. I’m done, no more Ms. nice gal.
Damn PSX....
Looks like a few stocks are approaching book value.
INTC
Georgia Pacific is owned by Koch Industries
Stocks go down. Take advantage of that.
The difference with this downturn is that it is not due to economic factors but is being caused by something (a virus) the economic results of which are difficult to project.
Someone who buys now might be just buying into a company that is about to disappear. Many companies are not prepared to withstand a dramatic decline in revenues...even for a short period.
As said, we just don't know what we're dealing with yet.
That said (and as I have said earlier), it is always possible that, by the end of the day or tomorrow, some pharmaceutical or biotech company will have discovered a vaccine which kills this virus OR perhaps the virus cannot endure warm weather and dies a natural death. If that happens, anyone who buys in the slump with do quite well.
As I said above, we just don't know at this point.
Tomorrow may be entirely different. Some pharma might announce an effective vaccine...the virus might not be able to withstand warmer weather.
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Some form of treatment will become available, probably before a vaccine is. In the meantime, a wide range of precautionary measures are also helping to contain the spread. And, as you say, warm weather might slow down the disease.
In addition, we will hopefully be better prepared to deal with future pandemics based on worldwide experience with Coronavirus. There will be valuable Lessons Learned from this outbreak.
At some point we’ll see signs of the threat diminishing and/or indications that it is being effectively controlled. Some people will make a lot of money recognizing those signs.
Bullets, Beans and Gasoline. Same as always. :)
Add booze.
Oh, that’s a given! Vodka. I can use it for hand sanitizer, to cleanse a wound or as an anesthetic should I need to operate. ;)
Maybe a bottle of Jameson, should things get REALLY desperate.
Let’s see how Tom Hanks fares and then I’ll decide. *SNORT*
We know that China is withholding supplies needed to fight the virus by the rest of the world purportedly because they are needed internally. Others have said that this is a lie that China is withholding supplies as retribution for the world's treatment of Huawei (implying that if a country gives in to Huawei, such supplies with be shipped ASAP).
Furthermore, oilman Harold Hamm said yesterday that he believes Russia and Saudi are conspiring (by holding down oil prices via oversupply) to kill the U.S. fracking industry. That, by itself, is an act of war.
If you can afford some physical (not on paper!) gold or silver, that’s always nice to have. Big sell-off today, but that was to be expected with the high-as-the-Moon gains of the past few weeks. People are dumb.
Stocks go down.
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I think that reality has been forgotten by many over the last 11 years. Stocks periodically fall by 10%, 20%, 30% and even more. Corrections, bear markets, and crashes happen. Its all part of systemic market risk.
In 1987 the market dropped by 23% in a single day. There have been numerous other drops since then, most notably in the 2008-2009 financial crisis when the DJIA dropped a whopping 54%.
This is a bad setback for the markets but I think we’ve lost perspective. The stock market WILL fluctuate.
I also think many people do not appreciate the risk inherent in owning individual stocks. Myriad things can and do go wrong that can quickly drive the price of your investment down sharply and suddenly.
It can take a long time to recover from declines. People who can’t deal with the reality of periodic setbacks shouldn’t be in the market.
If investing was easy everybody would be rich.
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