^ Tks, BA. Heard a bit of that this morning. FTSE firms are nervous.

Quote Originally Posted by Norton View Post
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.