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In 2001-2002 the Dow dropped 30 percent from the peak when it bottomed. We're down 40 percent from the peak so I think all of the worst stuff is already priced in.
at it's height in the early 1990's, the nikkei sat at just under 40 000(forty thousand). today, 28 years later it sits at just over 8000 (eight thousand)! obviously this could never ever happen here!
for what it's worth i do think that we're in for a little bear market rally but i think medium term we're heading much further south.
Hard to say. I would say certain companies are still solid fundamentally sound to invest in. Others are still on the verge of going bust due to the credit crunch. Gotta play your cards right!
it's still very hard to tell how these companies will react when the real economy starts to ease demand for their goods or services. i would wait a bit before going long on anything. their are however many stocks i would look to short
If you don't need to use your money for 20 to 30 years, now is a good time to back up the truck and buy stocks. I'm seeing PE ratios of 10 to 12. These numbers I never thought I'd see in my lifetime. At it's peak in 1999, the PE of the S&P 500 was about 30.
Of course, there's bad news all around. But that's why stocks are cheap. Stocks should be cheap when there's bad news. When there's good news, stocks should be expensive. Since we buy stocks when they're cheap, bad news is therefore good if you are in the accumulation phase.
If you don't need to use your money for 20 to 30 years, now is a good time to back up the truck and buy stocks. I'm seeing PE ratios of 10 to 12. These numbers I never thought I'd see in my lifetime. At it's peak in 1999, the PE of the S&P 500 was about 30.
Of course, there's bad news all around. But that's why stocks are cheap. Stocks should be cheap when there's bad news. When there's good news, stocks should be expensive. Since we buy stocks when they're cheap, bad news is therefore good if you are in the accumulation phase.
like the big broker dealers all but died, there are many stocks which i believe won't exist in the next 20-30 years. imo 90% of them won't be around
at it's height in the early 1990's, the nikkei sat at just under 40 000(forty thousand). today, 28 years later it sits at just over 8000 (eight thousand)! obviously this could never ever happen here!
for what it's worth i do think that we're in for a little bear market rally but i think medium term we're heading much further south.
like the big broker dealers all but died, there are many stocks which i believe won't exist in the next 20-30 years. imo 90% of them won't be around
Except I don't buy individual stocks. I buy stock indexes. So, even if 90% of current stocks disappear, there will always be a stock index filled up with new stocks. The only way stock indexing will disappear is when the stock market and capitalism itself will disappear....in which case you have bigger problems on your hands than just your shrinking portfolio.
Except I don't buy individual stocks. I buy stock indexes. So, even if 90% of current stocks disappear, there will always be a stock index filled up with new stocks. The only way stock indexing will disappear is when the stock market and capitalism itself will disappear....in which case you have bigger problems on your hands than just your shrinking portfolio.
fair enough. you raised a legimate point though. at the rate government is going, what is left of the capitalist ideal will be a distant memory
Even during the 2001-2002 bear market the lowest the Dow got down to was 7700 and we're pretty close to that with a much bigger correction so ...
And it was 4000 in 1995..... It looks like a "bottom signal" to you because you appear to be ignoring the graphs before 2000.
Regardless, your view largely seems to be based on looking at the graphs (technicals) and while you completely ignore fundamentals.
You just bet a lot of money on a really superficially analysis. But I guess some are gamblers at heart.
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