| Author | Message | ||
| Robert McNair (Rrm)
Junior Member Username: Rrm Post Number: 197 Registered: 5-2002 |
IMO once things are settled with Iraq we will see some growth in the market. Waiting until that happens may not be the best way to go you may want to get in a bit beforehand. However I feel we are in a secular bearmarket. If I add any stocks to my portfolio now I am sticking to the oldstandby of buy companies you know and ones t that have a proven history. | ||
| Manu (Manu)
Member Username: Manu Post Number: 617 Registered: 2-2002 |
So you are in agreement with me? War with Iraq IS going to happen... William - I'm in agreement with you elsewhere too mate... Contrarian trading strategy is EASILY the most profitable - when everyone is saying "the end is nigh" "the market is dead" then it's time to get in...when everyone is saying "this stock is going to the moon" then we get the hell out... Defence/Healthcare erm..... I can't think of any more (me being dumb)... can anyone help out? | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1754 Registered: 2-2001 |
I dont know about being bullish but it seems like a good time to buy cus so many people are avoiding the market like the plague now. My Uncle who used to have a seat on the NYSE says that "these are the days when fortunes are made". I can go along with that although I'll keep a nice fat wad in hold to put into the market just after the war with Iraq starts. You know the market will dump for a few days & probably rebound within a week of that happening | ||
| Manu (Manu)
Member Username: Manu Post Number: 614 Registered: 2-2002 |
No - William - I don't think we've bottomed yet.. The reason is that I don't think that the mkt has really priced in the cost of a drawn-out protracted war with Iraq? Say Saddam attacks Israel and they retialiate and the whole of the Middle East gets involved.... Oil prices..?Implications...? There's no way the mkt has factored in the potential downside (IMO)...whilst Bush continues to send troops in their thousands out there. I've been watching Lockheed/Raytheon and crew and EVEN they are all over the place... What has the $600bn (?) Fiscal stimulus done for equities - NOTHING... Conusmer Spending is STILL saving the USA and I reckon it's fragile.... Would love to hear more reasons to be bullish....... | ||
| bruce wellington (Bws88tr)
Intermediate Member Username: Bws88tr Post Number: 1556 Registered: 4-2002 |
just read in the wsj, lowes stock will be a great buy and predicts will pass home depot in the future.. | ||
| William H (Countachxx)
Intermediate Member Username: Countachxx Post Number: 1750 Registered: 2-2001 |
Once again that old saw  So what do you guys think ? I think we are scraping along the bottom. I dont think we can really get more bad news at this point. Seems the intelligence community has ALlKaida on hold, war with Iraq is probably already factored into the market. N Korea probably wont escalate much as Kim just wants to get paid off. Thinking of pumping some $ into the market in techs,Ford, Boeing and lots of dividend paying stocks |