PearlwhiteS2k

You should have sold out with a 25% return I would have.

AZDavid

Another financial crisis warning issued by a large bank.

http://www.telegraph.co.uk/money/main.jhtm...barclays127.xml

PearlwhiteS2k

Looks like it's going to be one ugly SUMMER . Getting my money ready to be put back into work soon

irev9k

hey im new to investing what should i invest my money in or should i just hold onto it

sevenrd

Personally I'm in cash, certain commodities or commodity-related stocks, and shorting the dow.

PearlwhiteS2k

Do you have a a solid stomach? Are you willing to lose more than half of your investment within a few months or even just a few week? Are you longterm of short term? Are you willing to ride the crazy market roller coaster were having right now? Answer those questions first and then come back here for advice.

Make sure your answering those question with the truth out of your heart. A buddy of mine, said he had a solid stomach but lost 700.00 out of 3000.00 investment and he wanted to sell during the big down fall in Jan.

The stock market can make you big money in a day but can also lose you bigger money in a day too. I think you should do a little more reading and start with some Mutual funds or CD before investing into stocks.


BTW Bring on the selling on the DOW. We need cheaper stocks!

sahtt

We are going to have to think outside the box to make money in this environment assuming the major indexes continue to go down. I'm currently long a refiner, an off shore driller, and gold as part of my hedging strategy. However, I sold out of SKF at 140 and picked up some C shortly after, I'm down 5% on that right now but it's a longer term hold. I expect their dividend to get cut again and for further financial losses. I think gold and the QID are going to be the best choices unless you are confident in shorting individual stocks. I fully expect gold to reach new highs if this market continues to deteriorate (currently using GG). I want to go long SKF but it's had a tremendous run-up and I just can't justify more than another 15-20$ gain even if we lose another 500 points off the DOW, which is only about a 10-12% gain.

I think we will see a lot of higher P/E stocks that are still up there start to fall apart if the market continues in this direction. It wasn't that long ago that APPL, for instance, was barely above 100 and in a better economic environment. It would not be surprising to see AAPL get in the 130's for example although the days of the 110-120 range are gone IMO.

We've had a 20% correction and have about a 50% chance of making a full 30% correction IMO. Make rational decisions and think long term, don't sell at the bottom but don't try to catch a falling anvil either.

John Mauldin had a great newsletter by the way yesterday if you guys read them.

Penforhire

Sounds pretty smart to me. If the Fed ever gets around to raising rates the high-multiples may disintegrate. I'll be crying over SQM that day. I would only bet against you on the gold call because I'm expecting the dollar to rally. But gold belongs in every portfolio anyway.

MADANT15

Hmmm, I am considering WM as a ballsy play...Probably for the short term but I wouldn't mind holding on to it for a while. I am crazy?

sevenrd

Yes.