Oh wherefore art thou, Murphy?

Nov 06, 2008 21:51

Of course, just when I have decided to start diving into the stock markets, the movements went southward! Of course! Why should I expect any different? I was so hopeful during the rally before the election. And then the election finished, and Democrats won, and I'm happy, but Wall Street isn't. Of course the markets are not happy. Why the ( Read more... )

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labelledcaustic November 7 2008, 03:39:50 UTC
You're working the market now?

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almadri November 7 2008, 11:43:48 UTC
I moved about 30% of my savings to the stock market. The stocks of some of the big companies are cheap right now. It's interesting to see the psychology aspect of the market. People pulled out of stocks in general because of the debt crisis that hit the financial companies. But there are some companies in other industry sectors that are actually doing very well. Low debt ratio, meeting earning expectations every quarter, and yet their price plunged too. Those are the ones I grabbed.
Oh well, they'll either go up or down. I thought we've bottomed out, but some people said it still might go down another 20% or so. I'm skeptical of that number, but I'm no expert...

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