Wazua
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Fear on the Street: Inside the Stock Sell-Off
Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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young wrote:
Really a time to buy favorite blue chips in US and Asia !!!
It has been concured that this opens up a buying opportunity for blue chips. Please do not ask me the bottom as I am not a stocks prophet I only know that the current valuations are close to bottom and most are below 52 week low. I recommend blue chips because they recover more quickly when the market stabilises. http://www.bloomberg.com...an-holdings-suffer.html
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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A wise 21st Century stock investor cannot depend only on stocks alone irrespective of the market. He or she must leverage on something else real estate (Worthwhile in SSA), Treasury bills and other business. Fundamentals and TA will always be swallowed by political and economic realties of the markets. Whizkid on TA and Fundamentals cannot really make it these days if we want to face the truth. Because these things often cannot be predicted or forseen. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Its the most wonderful time of the year...!!!! Double dip recession here we go, or even possibly a depression, the only con to a depression is I along with millions other may lose our jobs, but since stocks will practically be given for free, I'm game, I will survive on rice and beans even sleep in my car if I have to as long as I can buy buy buy. Brian wrote "Sell until you can sleep" very wrong, you only lose money if you sell in a bear market. Remember bulls make money, bears make money, pigs get slaughtered!!
Great analysis Brian but I see you are an Efficient Market type of guy, I'm a Warren Buffet type of gal, and trust me EMT stands no chance against Buffett. I am so glad I sold off my holdings 3 weeks ago, please God guide me through these murky waters.
Brian wrote "If you dont spur economic growth as a government, then the level of unemployment will reduce leading to reduced demand for finished goods and then further unemployment." Did you mean the level of unemployment will increase not reduce?? By the way for those worried about increase in interest rates, there is no way Bernanke will raise rates in a recession, look for him to reduce rates even further. So the markets survived today, atleast so far, but I see doom and gloom ahead. Buy buy buy.
CDE, you are waiting for the 8th year of recession to buy, so is that 2015??? Chelewa chelewa utakuta mwana si wako
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Nabwire wrote:Its the most wonderful time of the year...!!!! Double dip recession here we go, or even possibly a depression, the only con to a depression is I along with millions other may lose our jobs, but since stocks will practically be given for free, I'm game, I will survive on rice and beans even sleep in my car if I have to as long as I can buy buy buy. Brian wrote "Sell until you can sleep" very wrong, you only lose money if you sell in a bear market. Remember bulls make money, bears make money, pigs get slaughtered!!
Great analysis Brian but I see you are an Efficient Market type of guy, I'm a Warren Buffet type of gal, and trust me EMT stands no chance against Buffett. I am so glad I sold off my holdings 3 weeks ago, please God guide me through these murky waters.
Brian wrote "If you dont spur economic growth as a government, then the level of unemployment will reduce leading to reduced demand for finished goods and then further unemployment." Did you mean the level of unemployment will increase not reduce?? By the way for those worried about increase in interest rates, there is no way Bernanke will raise rates in a recession, look for him to reduce rates even further. So the markets survived today, atleast so far, but I see doom and gloom ahead. Buy buy buy.
CDE, you are waiting for the 8th year of recession to buy, so is that 2015??? Chelewa chelewa utakuta mwana si wako You are a Warren Buffet type of girl? Did he sell off all his holdings in the market then? GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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No he didnt, but I dont have his kind of cash. Therefore I sell at the top of the market, so I have enough funds to buy when the market crashes since the market is cyclical. I am well aware that you cant time the market.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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@nabwire - It is good/smart if you sold at the top of the market. Of course, Warren Buffett also sells but he prefers buying good firms 'forever'... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Nabwire wrote:No he didnt, but I dont have his kind of cash. Therefore I sell at the top of the market, so I have enough funds to buy when the market crashes since the market is cyclical. I am well aware that you cant time the market.  GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Right now coz my funds are not that great compared to Buffett's, I plan on buying at the crash then riding the wave to the top, then selling 20-50%, park some cash and repeat until I see the peak of the mountain, do you think this is sound strategy? Coz somewhere along the way I could get completely burnt like people who have 401k's are being burnt now.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@Nabwire I will be making better and more certain returns in SSA. I have no business investing in the US less than 80% through the recession so that we can be together in mourning. Hii si ndoa mrembo, its business.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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And if U have not yet accepted inflation coz of QE and interest hikes to tame it in latter days, then ur horizon is short and you might get burnt.
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Fear on the Street: Inside the Stock Sell-Off
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