Posted on 03/12/2020 6:52:16 AM PDT by Bellflower
well, there goes my get rich plan... Maybe Kimberly Clark :)
Just to keep things in perspective, as bad as a crash this has been, most of the averages today are roughly where they were a year ago...
It’s just a bipolar response.
I’m thinking Carnival Lines might be a good deal...
Whatever that POS Sores is buying would probably be good... He has made billions betting on failure...
ping for later
Zoom video conferencing. I’ve been purchasing webinar and meeting licenses over the last couple of days.
Motley Fool recommended a safe pipeline Inter Pipeline for Canadians. IPL.TO. 8% dividend, but it just got cut in half the stock value that is!!! My guess is because 80% of its business is with the Alberta oil sands and they are in danger of collapsing. So what was “safe” 4 weeks ago is no more.
Keep in mind multiples were insanely high and now Democrats and the media are hell bent talking the economy into recession and dodo bird Americans are helping the freak on.
There will be value but this has a long way to drop unfortunately.
I wouldn’t touch cruise lines hotels or restaurants for awhile. We are months from a cure and already Europe is locked out. When does domestic travel get restricted?
I am wondering if this new deal Trump signed could result in China holding back on anti-biotics out of revenge?
natural gas went through its decline a decade ago, so it will likely always sit around this price and the companies that mine it are now accustomed to this low price with costs brought in line. Good call. I might look at some natural gas companies here.
Buy when they are cheap.................
The S and P 500 is currently down 18% from it’s all time closing high on Feb. 11. If it goes down as much as it did during the 1987 flash crash from Aug to Sep (33%), it could go down below the 2,400’s. So I wouldn’t be surprised if that happens.
Historically bear markets typically drop around 30% from their highs, so that sounds about right. I plan to start buying in about 3-6 weeks.
“what stock?”
depends upon your goal ... for me, i’m looking for a dividend income stock from a bluechip company with low downside potential and a long history of great management and financial performance ... i’ve had my eye on royal dutch shell class b shares for some time now and they are a true bargain in my opinion right now and becoming even more of a bargain on a daily basis ...
https://www.macrotrends.net/stocks/charts/RDS.B/royal-dutch-shell/profit-margins
https://www.macrotrends.net/stocks/charts/RDS.B/royal-dutch-shell/dividend-yield-history
shhh...
Toilet paper— don’t tell anyone
And the long standing gas and gas products and pipeline companies are very good at hedging and managing their risk. This is a huge bite, but I am confident they will come through it.
Or messing with them. That's what I'm afraid of.
Depends of course on your investment strategy - long term, medium term, short term. If long term doesn’t hurt to buy it on the cheap. If you want to flip in a couple months might want to wait.
I’m stuck with Canadian companies. Notice ECA.TO or Encana took a huge hit. From $60 early in year to $4. Must be something else beside the recent crash.
Rought day in the market. My thinking (at the moment) is that at some point capitulation will set in as the number of sellers becomes close to exhaustion. In other words, who will be left to sell?
Not saying we’re close to that point. Just looking at it from the perspective of having watched many downturns in the market.
I’ll probably miss the turn but hope to be able to recognize the signs of rebound and catch the rise at an early point. I plan to nibble my way back in.
Low prices are an investor’s best friend. ;)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.