Stocks that will do well in another Great Depression

I'll take BOA for $5

I hope it doesn't come to that.

 

The stock market may crash. Asian stocks have dropped 4 percent tonight, down for a fifth consecutive day

http://news.yahoo.com/s/nm/20081008/bs_nm/us_markets_global

Bank of America has reduced its dividend 50% after reporting a 68% decline in net income in the third quarter.

 

I'm out. I have been watching my portfolio shrink consistently over the last few months. It has crossed the Rubicon and I am done. I am going to pull nearly all my money out of the market and basically sit on the sideline for a while. I don't really care if I don't make any money so long as I stop the bleeding. Every week I keep asking myself why I didn't pull out last week. The time has come for me.

 

Even Jim Cramer is telling people to get out.

http://www.msnbc.msn.com/id/27045699/

 

Cramer predicts “as much as a 20 percent decrease in the stock market”

 

This is the key brown. You are making a really good decision that is based on rationality. If i had done what your doing now i would still be a daytrader today instead of losing a quarter of a million in the .dom crash.

Never try to catch a falling knife. Wait till a definite bottom and consolidation for a few months before going back in after. The next big era like i have been saying many times is the nano-technology stocks and possibly the oled stocks. I believe a few company have come out with oled tv's so they will be ready to go fully in into market within a year or 2.

Panl is an oled play because they own oled patents and like i have been saying for the last 2 years tony is the nanotech play(not sure how healthy the company is now because i havent really had the time to check up on them lately).

When the electric cars come to market, Coal companies will will be hot because alot of our electricty is supplied through coal. After that Solar energy companies will be important also because some of these electric car owners will understand the benefits of charging their car up for free
through the solar energy panels on their roofs (especially in the sunny states like california).

 

Canned Good Stocks Like Campbells Soup (CBP) and companies who are actively or will be manufacturing solar and natural engery products.

banks and stuff like that will be down.

 

Canned soup is getting expensive. A 10 3/4 oz can of chicken noodle soup is $1.69.

 

Just placed my sell orders. Goodnight all.

 

My advice is to stay out of the stock market, period. Stocks are based on dollars, and well, the dollar has been getting hammered, I wouldn't even invest in gold or silver stocks, it is hard to tell if the company actually has "real" silver or gold. The investment information I've been reading over the last few days indicates that the primary things that will be rising in value over the next few years are "real" tangible assets. Jim Rogers says we are about to go into a 10 year bull market in commodities, analysts are saying $2000 gold is a real possibility, and silver is more rare than gold(most investors still don't know this yet), so there is no telling how high silver will go.

To prove that I'm right, check this out. In August of 07, I purchased some $10 Liberty gold coins. At the time, they were selling for $431 an ounce. Today, these coins go for $700. That means I made a return in less than a year that well exceeds the 10% that the stock market pays. Even if our economy wasn't on the verge of a depression, I would still be reluctant to invest in stocks, because on average the returns tend to be lousy. I would rather invest in small business ventures that I have more control over, which can bring a much larger return. The risk is higher, but that is where risk management comes into play. I would invest in coffee(this is why bogarts idea of building a coffee plantation in Honduras sounds good), along with rice, wheat, and other forms of agriculture.

Also, if you decide to take my advice and invest in precious metals, stay away from bullion, and stick to numismatic coins. The government has laws on the books which allows them to confiscate bullion(This happened during the 1930s), and if you purchase coins minted after 1933, they are subject to taxation. Always buy old coins minted BEFORE 1933, as you can avoid taxes.

Also, do not invest in oil. Oil is manipulated by too many sources, including OPEC and the Seven Sisters(seven biggest oil companies in the world), so oil stocks can be easily manipulated. For example, despite the fact that oil has been rising for much of this year, I keep reading about oil fields being discovered in Brazil and other parts of the world, and Saudi ministers increase their pumping capacity and say we have enough, but prices still rise, this is called and artificial bubble, oil prices are manipulated and do not rise based on the laws of supply and demand, avoid oil.

 

gold needs to hit $2300 an ounce to reach its inflation-adjusted high set on Jan. 21, 1980. Silver’s all-time-high close of $48 on January 21st, 1980 is $130 in today’s dollars.

 

IDK I continue to buy

 

Today is the last day of the SEC rule banning short sales in 980 financial stocks.

 

We are still in panic selling mode, and i think the dow can still go much lower. If your looking to get in there is no need to rush into buying. This is the time where you can afford to be extra picky. Microsoft at 22 bucks + is looking more attractive each day. I think they have enough cash saved to weather this storm. Yahoo at 13.80?? I never thought id see that price there. Imagine yahoo also surviving this and possibly getting another take over offer from msft.

I still think potential investors have a few months before we really reach bottom but remember folks The stock market will always factor in a bottom 6 months before we actually reach one. If any of you think the economy will stabalize sometime next year( i said stabalize not roar back lol) then i would be looking at getting back in either now or in a month or 2. I think this could be Grim's reasoning for buying ( i could be wrong), but this strategy has worked in the past. When the masses are in full throng panic is usually the best time to get in.

Bogart, this ban on short selling has cost alot of potential investors a chance to make windfall profits. I just dont understand why the market stops short selling and doesnt stop trading in a stock thats going up massively like qcom did years back when it shot up from 18 bucks to 1000 in a short period of time.

 

Dow is going to 7000 and there is a risk of a crash.

http://finance.yahoo.com/tech-ticke...Risk,-But-Dow-7,000-Likely-Sometime-Next-Year

 

gold and diamonds - nice and safe bet!

 

I'm going to continue to put small amounts into mutual funds as it goes down. I save money come tax time anyways, I don't need the $$ for a LONG time. As long as it doesn't go completely belly up it works for me.

If it goes completely belly up the US dollar might be worthless as well anyways.

 

Not the two mutual funds I was in. They dumped 28.5% since 8-12-08.

I am still keeping my Berkshire class B shares, and will probably dabble in some options trading. I just could not watch as those two mutual funds kept taking a %5 hit every could days.

 

Mine are taking a huge beating as well, 'but' they are my IRA/SEP and sons account I am adding to. Not adding to my standard private accounts ATM

Tax purposes for the additions, even if I lose I will make back to a degree with decrease taxable revenue.