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38 Comments
- Wargalas, on 10/10/2008, -3/+21Actually guys, if you have the cash, this is the perfect time to invest. Keep an eye out for the "bottom", then, start buying up stocks in companies that are taking a beating for no other reason then the panic on Wall Street.
Then, you'll make a killing. It may take you a few years, but I can't see why you wouldn't be able to double your money within 2 years or so if invested properly. - judicar, on 10/10/2008, -1/+13Yeah that's the entire article right there, no need to click on the link ... oh wait it's a video ... buried.
- gooniegoogooz, on 10/10/2008, -0/+11unless said companies go out of business, due to "unknowns" like credit rating downgrades, which impact everything from production to payroll. You are comparing this to cycles over the LAST century, which may not be so valid right now for a myriad of reasons.
The stockmarket has become complete *****, where nothing can be guaged too easily. You have rating companies that did not exist in their present form 50 years ago, "exotic" instruments that didn't exist even 20 years ago that no company is immune to, 24/7 media that wasn't so common even 15 years ago, political and government influence in markets that wasn't present even 2 weeks ago, and the apex of greed in the common public.
Not preaching doom and gloom, but we may be at a time when lots of large institutions fail to make it past this fork, and nobody wants to be left holding the bag. Good luck. - inactive, on 10/10/2008, -0/+7monster.com, careerbuilder.com, flipdog.com, howto.com/murdersuicide....etc etc etc
- UnstableMind, on 10/10/2008, -0/+5You know, not everybody on digg is still in grade school. Just sayin'.
- bestadvocate, on 10/10/2008, -0/+4Shameless self promotion, but I don't blame them, their stock is worth more than 15 bucks.
- gooniegoogooz, on 10/10/2008, -0/+4dude you say the same thing in every post.
Would you be happier if we just watch the "real experts" on cnbc and keep our comments to ourselves? - kingmanic, on 10/10/2008, -0/+4Stock prices aren't an indicator of over all corporate health. You can lose a lot of stock value but still be a growing and profitable company. Might it be simply that Nintendo/Apple/Google were over valued?
- Icyfenix, on 10/10/2008, -0/+3Florishing?
I'm down 20% since I invested in google last year. - inactive, on 10/10/2008, -0/+3In the current cycle, the common wisdom is fast becoming: “It’s different this time”. Whenever this phrase is used, whether to describe an up cycle or a down cycle, more often than not, it proves to be false.
Every cycle has its own unique causes and catalysts and in this regard, this cycle is no different. In fact, the result in each case—whether a bubble or a crash—was the same: the different outcome associated with a “new regime shift” didn’t really materialize.
To illustrate, we list several examples:
• Internet Bubble: Ignore historical valuation levels, we’re living in a new world (Result: S&P 500 fell 50%)
• Four Tigers / Asian Crisis: The industrialization of emerging Asian markets is going to change the
landscape of the world forever (Result: MSCI EM Asia Index fell 57%)
• Japan circa the late 1980s: Japan’s takeover of technological progress was a result of a new Japanese paradigm that was ushering in a new era (Result: Topix fell by 73%)
• Nifty Fifty: You can buy these stocks and hold them forever (Result: S&P 500 fell 36%)
• 1987 Stock Market Crash: Portfolio insurance will protect you from losses (Result: S&P 500 fell 34%)
• Decoupling: The rest of the world can hold up despite a US slowdown (Result: thus far, US equities have outperformed other developed and emerging equity markets) - StupotAce, on 10/10/2008, -0/+3It's Thomson Reuters, not Reuters Thomson. I happen to know, as I work there.
- inactive, on 10/10/2008, -0/+3But can it drive Go Karts?
- kingmanic, on 10/10/2008, -0/+3It doesn't have to be staterun. If investors demand it with their dollars then it will happen.
- NJank, on 10/10/2008, -1/+4i see what you did there.
- NJank, on 10/10/2008, -0/+2who will benefit? which ever financial firms land the 'handle the bailout money' contracts.
"Treasury moves fast to hire bailout help" http://www.bizjournals.com/baltimore/stories/2008/ ... - bradleyland, on 10/10/2008, -2/+4The only way we would achieve the level of transparency talked about in the video would be through a state run market. I just don't see that happening. Ensure that these companies must bear the consequences of the risks they take and these problems will solve themselves. Those who take risks and fail will disappear. Only the smart and responsible will remain. Crack down on corruption with Thor's hammer, and eliminate government entities that artificially offset risk.
- pathouston22, on 10/10/2008, -0/+2This is a GREAT time to buy into the market....how often do companies like GE fall into the teens?
- cplusplus, on 10/10/2008, -0/+2I am buying bank stocks.
- jmparks, on 10/10/2008, -0/+2Exactly - take a look at high probability bounce back stocks (which most of us on Digg know as tech stocks) and buy in. Don't throw all of your money into one stock, diversify and build up a portfolio.
Right now the stock market just turned into the Walmart of the financial world. If there's any time to buy - it is now.
Also by buying into the market you're promoting the healing process that needs to take place for the market to stabilize. The market needs new investors of all walks of life, and all different occupations.
I'm not saying there's no risk involved... but with the best trades you'll make you're never in the comfort zone. - mstachiw, on 10/10/2008, -0/+2I think benefit is a poor choice of words here... sustain? strategize? reposition? services needed? any of those
- gooniegoogooz, on 10/10/2008, -0/+2good point jm, however i think everyone is still smarting in the ass over the last set of risks "outside their comfort zone". But, like myself, some have been sitting in the sidelines, I having pulled out of the market beginning of the year into money markets. For me, now, the biggest challenge is how to diversify when entire industries are failing. It's not even about buying at the bottom, I feel there are genuinly some companies out there who are low based on fundamentals. However, I am not confident that fundamentals matter anymore, and don't trust the guidance of the companies themselves. The stock market being a highly speculative, trust driven enterprise, I have nobody to trust, and will continue to sit on the sidelines.
Again, my point is that the definition of fundamentals are changing, and there will be a paradigm shift here. There will be some winners undoubtedly, but for that to happen there will be a lot of losers. It's truely a zero-sum game right now. - inactive, on 10/10/2008, -1/+3I don't think so, but it's better than an article about how ***** we are.
(Irony: Another positive economy story just popped up on the front page..) - diggpatt, on 10/10/2008, -0/+2"Here, he offers his picks, none of which he owns."
Is that typical for a strategist? Or is it because he doesn't own any that the advice probably isn't tainted by any personal goal? - rhinopig, on 10/11/2008, -0/+1Wait, so let me get this straight: Yahoo Finance says Yahoo Finance may benefit from the financial crisis? Who would have thought.
- reddikilowatt, on 10/11/2008, -0/+1It's a good idea, but I don't know that they will see much of an increase in their click traffic just because there's a little more information available. The sad fact is, most of us will continue to buy and sell based on gut feeling, the big players will continue to make the market, and the chicken pecking at the Wall St. Journal will continue to beat us all.
- dopplerdog, on 10/11/2008, -0/+1So how does one know when we've reached this "bottom"? Everyone talks about it, but no-one can point it to me (until after the fact).
Sound advice if you know where the bottom is, otherwise you can just as easily be wiped out. - reddikilowatt, on 10/11/2008, -0/+1Every time they do something really stupid, like turn 1/2 the company into a bank.
- kingmanic, on 10/10/2008, -1/+2While generally true you also have to invest into companies you think are undervalued. Buying lehman brother snow may not give you any returns because the company itself may not have any significant future.
- MiniC, on 10/10/2008, -0/+1Why do you think that US will not be like Japan? I believe Japanese stock price still haven't recovered from its high from 1990. Not arguing with you...just curious how other people are thinking.
- reddikilowatt, on 10/11/2008, -0/+1I hope you're buying small regionals like PNC and FCF. The big ones may not be around anymore!
- trial50, on 10/10/2008, -1/+1here is a light-hearted (or realistic?) interpretation of what has been taking place on the stock market.
http://digg.com/business_finance/Losing_money_on_s ... - disrupter, on 10/10/2008, -3/+3I guess this means more and bigger tubes = Rick Astley in HD
- patchsuperstor, on 10/14/2008, -0/+0I just don't see that happening. Ensure that these companies must bear the consequences of the risks they take and these problems will solve themselves. Those who take risks and fail will disappear.
- ColonelJessup, on 10/10/2008, -3/+2Here we go again with the digg.com Wall Street/finance professors.........................
- SamurAchzar, on 10/10/2008, -3/+1Finally I could post a Pedobear image in HD instead of the low-bandwidth ASCII crap.
- jimmyobama, on 10/10/2008, -5/+1Make money fast.
Buy PSQ and DOG. - leerayIG88, on 10/10/2008, -11/+5Yeah...it can actually run Crysis. 800x600.
- gametavern, on 10/10/2008, -9/+2Why because Google and Apple are flourishing?
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