^ Tks, BA. Heard a bit of that this morning. FTSE firms are nervous.
Quote:
Originally Posted by Norton  Quote: |
Originally Posted by bkkandrew DOW will probably slide 5% at a guess... | Someone once told me there was big money to be made in falling stock market conditions. Any hints from the experts? |
Not an expert, but this is
getting close to the time to buy. Everybody hates financials right now, but keep watching. JPM rose almost 4 bucks today coz it got Bear Sterns' assets (as Spin pointed out, look at its Manhattan real estate) for a song; dunno if the Fed will relieve it of Bear's obligations.
Look for strong fundamentals, good cash flow with minimum debt. I'll go back into the financials soon, coz they are a necessity to any market. Wanna play it safe, utilities and cos with cheap outsourcing. Good divs at the utils, but I reckon they're already discounted into most of the prices. But, it's pick by pick.
Bfly and Ray are probably buying energy stocks now, which are at the top of their 5-yr ranges.
I'm watching C. Dunno about LEH; need more news on the internal biz (heard intl broker mgmt canned biz with LEH and then reversed the order).
Uh ya, you don't short a stock when the prices are already falling.
Lots of choice bottom-picking right now. But caution rules.