THE GNR Stock Exchange

[Axl4Prez2004]

nice day today - thought i'd see more red to be honest.

Ag stocks seemed to do awesome. 

C just keeps rocking out - WHY DIDN'T I PICK ANY UP!

What did I tell ya?  Pardon me, I have to get back to my bubblebath filled with many beautiful ladies.   

[The Dog]

nice day today - thought i'd see more red to be honest.

Ag stocks seemed to do awesome. 

C just keeps rocking out - WHY DIDN'T I PICK ANY UP!

What did I tell ya?  Pardon me, I have to get back to my bubblebath filled with many beautiful ladies.   

i dont' know, still hesitant to pick some up - I don't think the financials are out of the water yet.  plus i'm pissed its gone up so much and would hate to buy now and see it go back down.  so far patience has worked well for me.

the market volatility has def made me gun shy, I wanted to load up on MVL over the past few days but decided not too.  I think Google (GOOG) would have been a good buy when it was at 530.

Microsoft (MSFT) had great earnings.  Tech should do REALLY well tomorrow.  But, I heard there is a housing report on Monday, that could sink everything. 

[SLCPUNK]

I can tell you right now, that housing report won't be good. 

[The Dog]

I can tell you right now, that housing report won't be good. 

agreed.  i'm going to hold off on doing anything till after that.  i think it'll be a good buying opportunity.  prob not as good as the other day, but still a nice dip.

[SLCPUNK]

So, I guess the question is...do you think that the rate cut, and the stimulus plan will help the economy?

Personally, I think it's too little too late.

[The Dog]

So, I guess the question is...do you think that the rate cut, and the stimulus plan will help the economy?

Personally, I think it's too little too late.

I don't know - the rally yesterday really gave me some hopes.  Financials were being bought up like crazy along with retail, two sectors I thought would be in the shitter.

but all its going to take is one bad housing report or something to put it all back in a shit storm.

its too early to tell.  i'm more optimistic than I was before though.

[crazycheryl]

I think the rate cut may help banks and those looking to refinance. But the rest of the package - fuggetabodit. I know the Feds are going to make another cut probably next week. I am actually going to refi my mortgage from this whole mess because I believe I will be able to get a better rate.

Now is the time to buy property if you can afford. Have several friends in real estate and sellers who are so desperate, they are lowering the price of their houses to the same they bought it for and real estate friends are willing to give up half or more of their commission just to make a sale. So, anyone telling you that houses are still unaffordable - don't believe it - most people will do whatever they can to sell their house and anyone looking to buy should get an excellent deal.

Also, I would totally go with green stocks if I am going to buy. Green and health care industry are the two forevers I see continuing into the future. I don't think you can go wrong.

I get stock tips from the Motley Fool. Does anyone else check out this website?

They usually have great tips although I am afraid to do it. My husband works at the BOT and he keeps telling me I don't know what I'm doing thus the reason for my reluctance. He trades futures and some bonds and I still don't know what the hell futures are. When you guys want to invest in something what do you normally do? Do you all have a broker? Or do you know a place to go where you don't have to pay any fees to anyone? I've researched this some and only find brokers. Does anyone have a brokerage they recommend? One that is reasonable in their fees?

[SLCPUNK]

Now is the time to buy property if you can afford.

I can not disagree more, and that is coming from a real estate guy.

[crazycheryl]

Now is the time to buy property if you can afford.

I can not disagree more, and that is coming from a real estate guy.

Why? If you get a fixed rate loan and no adjustables. Why do you say that?

[SLCPUNK]

Prices are going to go down for a while IMO. The last house I sold, about 9 months ago was purchased with one of those subprime ARMs. The deal was so lousy, I even told the buyer they should wait. Told them to get their credit better and I could personally design my next house to suit their needs. She insisted, and at the end of the day, it's none of my business. That ARM won't reset for three years. Right after that loan went through, those types of loans dried up. So, IMO we've got about 2-3 more years of resets outstanding. As they reset, foreclosures and shortsales are usually the next step, which drive prices down.

Low rates, may just go lower, but they sure aren't going to go higher, not for a long time. Prices will continue to drop, as inventory is at record highs.

And that couple I sold to less than a year ago? Already losing the house. Which will eventually bring down the comps in this neighborhood. I've got a desperate guy around the corner that has his house listed 30k lower than mine, and it's still sitting. If that sells, and then the foreclosure becomes final, that's now how much my house is worth per sq ft. That scenario is happening all over the country.

I wouldn't buy anything for at least two more years. Any "Hurry up before the deals are gone" is just like the stupid realtors saying "Hurry up before you're priced out of the market forever." It's all driven by fear.

Myself? I listen to economists, not salesmen. I'm going to refi my house for 15 yrs and stay put, watch the dust settle and see what my next move is. I don't advise anybody to buy.

[crazycheryl]

It is a good point. So, you are saying that if a house in your hood sells for the foreclosure price which is usually pretty cheap, then all houses in that area are essentially worth the same amount since that was the price it sold for? And, you are also saying that anyone should wait because the prices will go even lower over the next two years?



Also, I read an article over the weekend about vice stocks and how they are the best to invest because even in bad times people don't quit smoking or drinking or watching porn. And the prices weren't bad. I think the highest stock was at like $67 a share and that's not bad. I wish it was in the $40 range but I am considering purchasing these stocks.

[SLCPUNK]

Comparable sale prices are what appraisers use to find the value of a home. Foreclosures and short sales are driving the prices down. In essence, the same people (speculators) who drove the prices up, are driving them down. Right now, it makes much more financial sense to rent than it does to buy. At least for a few years anyway. Remember, your home is NOT an asset, it is not the "biggest investment" of your life, it is a liability. I am absolutely saying prices will go lower, yes.

As far as stocks go, economists all agree that index funds are the way to go. If you want to buy individual stocks there is a lot to learn before pulling the trigger. Index funds don't require a broker or high mgt fees that eat away at your profit over the long haul.  If you want to lose a lot of money, then follow the latest trends (which means it's already over in my book) and buy into it. If you want growth, which still requires reading, and educating yourself, then go with index funds.

The strong take from the weak, and the smart take from the strong. Which one do you want to be?

[The Dog]

I invested a little money in Coke (KO).  Good recession stock and just a great brand overall.  I like the dividend too.  Its kinda low right now too (not sure why) so now could be a good time to buy. 

Taints is on point though - index funds are much less riskier and still have good returns.

[The Dog]

Fed cuts rates by half point!!!

[SLCPUNK]

My prediction: The street will rally up for a while, and then come back down, just like last time.

Nice time to refi though.

[TAP]

RETIREMENT PLANNING FOR 2008

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to drink heavily and recycle.

It's called the 401-Keg Plan

[Axl4Prez2004]

RETIREMENT PLANNING FOR 2008

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to drink heavily and recycle.

It's called the 401-Keg Plan

tap, that's classic!  did you come up with that on your own...be honest!

[TAP]

RETIREMENT PLANNING FOR 2008

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left

But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.00.

Based on the above, the best current investment advice is to drink heavily and recycle.

It's called the 401-Keg Plan

tap, that's classic!  did you come up with that on your own...be honest!

no. it's a cut and paste.

[lakersaregreat]

look for ebay to rally the next few weeks. its getting its house n' order, plus goog my buy it...

[Dead N' Bloated]

What is 401K?