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10-14-2008, 04:39 PM
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Taipan
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Join Date: Jun 2007
Location: Las Vegas, NV and NW of Florence Junction, AZ
21,594 posts, read 8,194,914 times
Reputation: 3028
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Are you using the market downturn as an opportunity to buy stocks?
I do
You?
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10-14-2008, 06:18 PM
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Senior Member
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Join Date: Mar 2008
Location: Honolulu, Hawaii
534 posts, read 317,616 times
Reputation: 152
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Nope! And, I don't intend to for some time.
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10-16-2008, 08:21 AM
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Moderator
Status:
"Man...that decade went quick"
(set 5 days ago)
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Join Date: Mar 2008
Location: Houston, TX
4,621 posts, read 1,805,549 times
Reputation: 4596
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I have bought some but the market has gone much furthere south than I expected (I figured it would stop at 10000.). Holding off for a bit but I have a few stocks Im licking my chops at.
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10-16-2008, 08:36 AM
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Senior Member
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Join Date: Feb 2008
Location: Raleigh, NC
9,047 posts, read 3,230,338 times
Reputation: 1275
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Not overpriced US stocks either paying lousy or no dividends, denominated in what will soon be rather worthless dollars (once the Fed monetizes the debt). But agreed that commodities have been oversold due to hedge funds getting margin calls and selling what they can.
Singapore, China, Swiss, CanRoys, etc.
J6P is going to get screwed twice. First by selling his gold and decent equities low, then by sitting on dollars that are going to lose value tremendously in the coming months/years.
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10-16-2008, 10:48 AM
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Having All The Fun I Can Stand
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Join Date: Mar 2008
Location: Rhode Island
936 posts, read 605,324 times
Reputation: 898
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I wouldn't even test the waters until the Dow hits below 7,000.
It'll get there. Don't buy before the election, whatever you do!!! They are just holding this together with Elmer's glue till then!
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10-16-2008, 10:52 AM
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Senior Member
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Join Date: May 2007
Location: Papillion
2,436 posts, read 2,372,180 times
Reputation: 600
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I have always been a big believer in dollar-cost-averaging and this downturn is a huge benefit to that method of investing (if in it for the long-turn)... I have continued to invest just as I did last year and the year before that..
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10-16-2008, 11:05 AM
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Uber Wolf
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Join Date: Sep 2008
Location: Some place very cold
5,507 posts, read 3,306,889 times
Reputation: 2990
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Now is a time to preserve capital not invest crazily.
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10-16-2008, 11:50 AM
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Senior Member
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Join Date: Jan 2007
Location: Londonderry, NH
12,485 posts, read 6,048,389 times
Reputation: 3957
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Some time next year I'll consider buying into selected energy and related funds. Until then I won't even bother checking. Knowing my paper losses would be depressing.
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