"Dump the stationwagon for a Ferrari" , now?

[Afrodisiac]

I thought Patriot was all 100% American Beef?


YMAA
That bastage was not necessary, but made my day

[Scrum]

Originally Posted by BaldEagle

Still smarting from that WaMu????

I would agree with you if you want to buy now buy into the slow growth Large Cap dividend income stocks often refered to as "Granny Stocks". That is what I personally have done in my investments as I get slowly back into the market. What a year to be out of the market... Having just changed jobs there wasn't much 401K to kill but it's pretty much a 201K like everyone else, Oh well. I also did have the IRA's that I couldn't take out so I went into using inverse ETF's like QID, FXP, and EEV with part of it so they made out like bandits while moving the rest into money markets and safe stocks like BUD that is being bought out.

Fool Blog: Stocks We'd Recommend to Our Grandmas

If you wait for the market to bottom and the economy to pick up you will have missed the bottom but you'll have also missed the largest risk as well. If you buy now and the market declines further you've wasted your time and money when it could have been working so maybe you go granny now and go for faster growth later? Then again maybe you just wait for the big thud at the bottom?

I've been wanting to get into the stock game myself.I'm a noob.Was just wondering how loud that thud is going to be.Some more studying and I might jump in with both feet.

[BaldEagle]

Originally Posted by Scrum

I've been wanting to get into the stock game myself.I'm a noob.Was just wondering how loud that thud is going to be.Some more studying and I might jump in with both feet.

There isn't a thud there is first massive panic that sends the market diving and at some point vultures swoop in and gobble up stocks like mad turning the market around and rising again. For reference see the October 10'th market trade session. The "bottom" probably hasn't been seen yet as we have a lot of bad news to come and then there is the election.

If Obama wins and Congress stays Democrat the market may drop some but that's already the expected result so it's really a non-event. If McCain wins and Congress goes Republican wall street would sh*t bricks and drop faster than one because one part in control of both is really bad news and Republicans controlling both is the worst of the bad news. If McCain wins and Congress goes Democrat then Wall Street rises. If Obama wins and Congress goes Republican then we've already missed the bottom it was October 10'th as we should be headed straight to 10,000. Historically a Democrat in the White House and Republicans controlling Congress is the ideal combination for Wall Street. Wall street loves to see MAD (Mutually Assured Destruction) in our political process as it keeps the government busy beating itself and minimizes their ability to "help".