I’ve been sitting mostly in cash for a while now.
Now I’m browsing for some bargains. Bought in a little bit yesterday, and I’m still looking. There are some really good values out there now. The next few weeks will be a great time to buy in.
There’s lots of good solid companies that’ll bounce back fierce after this little adventure— but their stock prices are just getting pounded along with all the others.
Say... we ought to have a stock research and discussion thread...
This one's good as any........
art cashin was lamenting the other day that we hadnt had the flush.
Maybe this is it.
Someone was opining a few minutes ago on cnbc that this was due to credit swaps, etc. I don’t follow credit swaps so really didn’t know what he was talking about.
If you start such a thread, would you please ping me/add me to your list?
Thanks! :)
I agree. The market is way oversold. Remember the short selling ban expired today so the vultures were out in force. Soros, Buffet and the rest of the Socialist elites probably made a fortune.
I still own some funds and I will just let them ride. I have done this before and have come out OK. Right now, I am mostly in cash and sitting on the side lines waiting for the bottom. This time I am going to do more active trading and less long term investing.