Stocks that will do well in another Great Depression

Discussion in 'Politics & Religion' started by alstar70, Oct 6, 2008.

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  1. bogart

    bogart Notable Member

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    #61
    Perhaps taking the bus to pick-up their unemployment check
     
    bogart, Oct 10, 2008 IP
  2. GRIM

    GRIM Prominent Member

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    #62
    I've been driving my gas guzzling SUV more :eek:
     
    GRIM, Oct 10, 2008 IP
  3. justinlorder

    justinlorder Peon

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    #63
    Internet giant like google, semiconductor and chip industry like intel and many other company, aerospace industry .
    I don't know if there are military industry stock in stock market, it is also recommended. lol
     
    justinlorder, Oct 10, 2008 IP
  4. bogart

    bogart Notable Member

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    #64
    The Dow is another -405 today.

    I saw Gas at the pump last night @ $2.85 the gallon
     
    bogart, Oct 10, 2008 IP
  5. GRIM

    GRIM Prominent Member

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    #65
    Yeah gas is going down, too bad with all the other losses it's not going to help much :eek:
     
    GRIM, Oct 10, 2008 IP
  6. bogart

    bogart Notable Member

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    #66
    Look into setting up an IRA that is a bond fund.

    Wait until the market bottoms out and then invest. With cost averaging your losses will be lower or perhaps make a profit.
     
    bogart, Oct 10, 2008 IP
  7. homebizseo

    homebizseo Peon

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    #67
    Buy low and sell high is the key to making money with stocks. The Problem for most is they do the opposite. They buy high and sell low.
     
    homebizseo, Oct 10, 2008 IP
  8. wisdomtool

    wisdomtool Moderator Staff

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    #68
    It is very hard to buy low sell high, sounds simple, but when is it low enough to buy such that you can sell high is an art in itself. If anyone can master that he will be many times a millionaire.

     
    wisdomtool, Oct 10, 2008 IP
  9. LogicFlux

    LogicFlux Peon

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    #69
    The people who buy high and sell low are the ones that keep the market going. The market needs losers to work.


    What do you guys think of GM? Is it a loser? Being down at 1950s prices makes it compelling as a long term investment. Also the fact that buffet bought like $3billion and that I don't think there's any way in hell the gov will let it fail. What do you think?
     
    LogicFlux, Oct 10, 2008 IP
  10. wisdomtool

    wisdomtool Moderator Staff

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    #70
    Nope, Buffett bought $3 billion of General Electric, I would seriously doubt anyone would touch GM. Kinda rusty, even Toyota is struggling and GM is no Toyota.

     
    wisdomtool, Oct 10, 2008 IP
  11. homebizseo

    homebizseo Peon

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    #71
    I have not researched it but if what you said is true it sounds good. GM has in production an all electric car. If it hits the market first the stocks will skyrocket.
     
    homebizseo, Oct 10, 2008 IP
  12. LogicFlux

    LogicFlux Peon

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    #72
    Jesus I keep getting GM and GE mixed up the last few days.
     
    LogicFlux, Oct 10, 2008 IP
  13. wisdomtool

    wisdomtool Moderator Staff

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    #73
    You better don't when you are buying on the stock exchange :)! GE is "AAA" graded while GM is near the dumps......

     
    wisdomtool, Oct 10, 2008 IP
  14. LogicFlux

    LogicFlux Peon

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    #74
    I'm not anywhere close to buying anything. Just starting to think about what would be a good long term investment. Probably will be better off looking for stuff that got hammered but didn't deserve to. While GM has deserved to. Or maybe I'll just buy coke or p&g.

    http://stockcharts.com/h-sc/ui?s=KO&p=D&yr=3&mn=0&dy=0&id=0#
     
    LogicFlux, Oct 10, 2008 IP
  15. alstar70

    alstar70 Peon

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    #75
    Toyota and Nintendo are both half their previous value. Might be a good buy with a strong US dollar against the Yen, if the Yen and Toyota recover you'll get a double whammy.

    Problem with GE is that its finance division is likely to make further loses?!
     
    alstar70, Oct 10, 2008 IP
  16. LogicFlux

    LogicFlux Peon

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    #76
    Just got done watching Mad Money. Haven't watched it since the beginning of the year sometime. He's recommending coke, kraft and altria among others especially if the market gaps down monday.
     
    LogicFlux, Oct 10, 2008 IP
  17. wisdomtool

    wisdomtool Moderator Staff

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    #77
    I must say these are really safe bets, Buffett also like Coke a lot, another one Campbell has a beta of 0.2 very safe bets too. But the trade off between safe bets are that the safer the stocks the less you are likely to earn and vice versa.

     
    wisdomtool, Oct 11, 2008 IP
  18. bogart

    bogart Notable Member

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    #78
    GM could be a good one if the electric car takes off. The danger is the Fed bails them out and wipes out stock holder equity.

    After Hours: 5.05 +0.16 (3.27%) October 10th

    Citigroup disclosed on Friday that it now holds a 3.1 percent stake in General Motors Corp a decline from a prior stake of 5.5 percent.

    http://www.reuters.com/article/marketsNews/idUSN1040824720081010
     
    bogart, Oct 11, 2008 IP
  19. LogicFlux

    LogicFlux Peon

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    #79
    Yeah, I personally think it's too risky for me. I was just throwing it out there to see what you guys though because it's so cheap. And you're right, the gov saving them doesn't necessarily protect share holders.

    Paul Volcker was on Charlie Rose thursday.

    http://video.google.com/videoplay?d...SI-mKJrUqAOZ_7T9Dw&q=charlie+rose+paul+volker

    I like listening to him. He's plain spoken and I can understand him quite well compared to other fancy economist types.
     
    LogicFlux, Oct 11, 2008 IP
  20. bogart

    bogart Notable Member

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    #80
    Paul Volcker raised rates to something like 20% back in 1982 to save the dollar.

    The Dow as at 1000 at the time.
     
    bogart, Oct 11, 2008 IP
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