Global turmoil

[sweeps]

Middle East erupting into war
Iran manufacturing nuclear weapons
North Korea firing missiles all over the place
Oil at a record high $77/bbl
Stocks dropping 1-2% per day
Inflation and interest rates on the rise
Recession right around the corner
Almost everyone is pessimistic about the future

Is everyone else thinking what I'm thinking??

Yup, what a great time to buy stocks cheap for the long term...

[Ima saver]

Re: Global turmoil

What are you buying, sweeps??

[Majan]

Re: Global turmoil

I'm waiting a few more days to see if Wal-mart, Home Depot, and Adobe go down some more.

[Joan.of.the.Arch]

Re: Global turmoil

Honestly, buying stocks is not what the news makes me think of.

[boefixepa]

Re: Global turmoil

Humm...I read that and though, good thing I have a year's worth of food at my house for when I can't afford to buy it!! That way I can use my $50 a month for food to pay for gas!!!

[Broken Arrow]

Re: Global turmoil

I'm with sweeps. The US, anyway, was in far more danger during WWII and the Cold War than we are now. And yet, we survived all that, so why wouldn't we fare similarly, if not even better now?

It's a great time to be a buyer.

[pyotr]

Re: Global turmoil

Unless of course the whole thing escalates so that Israel, Pakistan, and the US end up exchanging several nuclear warheads and puts us all into a nuclear winter. I don't foresee my stocks being worth too much at that point.

[Broken Arrow]

Re: Global turmoil

Although it's possible, it's also a logical extreme. As in, extremely unlikely to happen.

My humble opinion anyway.

[pyotr]

Re: Global turmoil

a couple of stocks I think are WAY DOWN - outstanding companies and outlook : BSTE, ACUS, AMAT. I think if you buy like a thousand shares of ACUS now, within 5-10 years you could be sitting on $300,000. I have no ties or financial whatevers with any of these companies. In fact I don't even own any ACUS shares yet but I'm going in on it.

[sweeps]

Re: Global turmoil

Unless of course the whole thing escalates so that Israel, Pakistan, and the US end up exchanging several nuclear warheads and puts us all into a nuclear winter. I don't foresee my stocks being worth too much at that point.

Heh, yeah. But it won't make much difference WHERE your money is at that point.

[WellManicuredMan]

Re: Global turmoil

Middle East erupting into war
Iran manufacturing nuclear weapons
North Korea firing missiles all over the place
Oil at a record high $77/bbl
Stocks dropping 1-2% per day
Inflation and interest rates on the rise
Recession right around the corner
Almost everyone is pessimistic about the future

Is everyone else thinking what I'm thinking??

Yup, what a great time to buy stocks cheap for the long term...

Isn't the S&P still pretty high right now? I'm not buying at these levels. I think it would be wise to at least wait until the end of the summer. Personally I have my eyes set on October.

[VJW]

Re: Global turmoil

Isn't the S&P still pretty high right now?

No, it isn’t. The S&P 500 is down more than 15% from where it was six years ago in 2000.

#

[WellManicuredMan]

Re: Global turmoil

No, it isn’t. The S&P 500 is down more than 15% from where it was six years ago in 2000.

#

True, but that was a result of over-inflated prices in 2000. The S&P is also up 39% since 2003.

[pyotr]

Re: Global turmoil

You still skulking around here V? SHOO!!! SKAT!!!

[cschin4]

Re: Global turmoil

I doubt there was ever a time in history where there wasn't global turmoil. So, carry on with business as usual.