There are a lot of different ways you could go or ways people would suggest.

1. Lots will say just buy up good blue chip type stocks like MSFT, INTL, IBM etc at these sorta prices as in the long run they should be good buys.

2. Commodities, there is a good chance in 2-3 years there is gonna be a real squeeze on these due to whats going on right now, the prices bottomed out and therefore the supply of these is really beginning to drop, once demand picks back up and there isnt enough supply you are going to see prices shooting up big time.

3. Oil lets face it oil is pretty damn cheap right now and for a long term play its probably pretty smart seeing as at some point oil is going to run out and as it does prices are going to move high, this may not happen for several years but you probably arent ever going to see oil prices down this low again ever.

4. Alternative energy with the price of oil so low it has really driven down alt energy stocks, this goes hand in hand with oil though once oil starts shooting back up so will these companies, only problem here is picking ones that are going to be able to weather the storm right now with oil so cheap.

These are just my own opinions take them for what they are worth

12/18/2008 8:36:52 AM

Also very upset that I got stopped out yesterday, I hate using stops for that very reason, I try to be smart and put in stops to at least lock in a bit of profit and it never fails it will always find a way to tick down to that exact price for a few seconds during the day and then start moving up again. As soon as I dont put a stop in then of course it will plummet right through my stop back into the negative, so frustrating!

12/18/2008 8:41:56 AM

Quote :

"I disagree quite a bit. I tend to think this is one of the more dangerous times in the history of this country. We have been living an unsustainable lie for quite some time. The government has been stealing from us and now we are supposed to pay the piper. The problem is people are so stupid in this country they actually want the government to screw it up even further. We're about 7 years into this bear market and there could easily be another 10-20 years behind it. The standard of living is about to spiral downward in this country. Just wait until the dollar crashes. That is going to be a severe crisis that will hamper this country beyond belief. You are fooling yourself if you think we're anywhere near a true bottom. The Dow will shoot up in the next few years no question. As the last few years have taught us that will mean nothing when inflation runs rampant and the gains are only temporary. A few more suckers will get caught buying in the false government fueled rally and then lose it all in other fell swoop while the shorters get rich. We have no tools left to fight inflation with. We can't raise interest rates, we have too much debt, and we will have fewer creditors now that other countries realize they've been hoodwinked. The far east is about to start consuming their own goods instead of investing in our fake wealth. If you must invest in American companies make sure you are investing in those who will do well when the dollar collapses like exporters. Make sure you are picking companies who will have the government's credit card to prop their fledgling businesses up. Or you could just invest for the coming crash by finding oversold foreign stocks with tremendous dividends. Also make sure your "cash" investments are kept in gold/yuan/yen/etc. The US treasury bond is practically a junk bond with a 3% 30 year yield. The sheep who are sitting in their "safe haven" are going to see their life savings erased in the dollar crisis. It may come next week, next year, or in five years... who knows... but there is no denying it is near..."

That's 12/8. This has only been the start of the movement. The coming dollar plunge is going to make this week look like candy.

12/18/2008 9:26:50 AM

is today the day to get into the downtrend ETFs I wonder, get the feeling this thing may be about to turn over

12/18/2008 9:53:51 AM

12/18/2008 10:21:16 AM

all i gotta say is HA HA HA WOW

12/18/2008 10:34:53 AM

Picked up some SB at 7.90 hoping I can make a bit more off this shipper run

12/18/2008 11:11:38 AM

Does anybody have any opinions of local based companies?

[Edited on December 18, 2008 at 11:14 AM. Reason : Besides WB]

12/18/2008 11:13:53 AM

Bush passed a 17.4 billion auto loan deal this morning, with RIMM posting decent numbers could reverse the fall in the market yesterday.

12/19/2008 9:16:13 AM

huge gains predicted

guess thats what happens when you hit 75 cents a share

12/19/2008 9:25:23 AM

GM and folks got a early christmas gift?

12/19/2008 12:03:50 PM

Any thoughts on SRS?

12/22/2008 3:05:05 PM

feel like buying something today

12/22/2008 3:39:19 PM

me too

what is the question though.

12/22/2008 3:40:52 PM

I picked up some TNA at $27.98. It's already over $29

12/22/2008 3:44:30 PM

Wow. Closed at $30.80. 10% return in under 30 minutes.

Of course, now I've jinxed myself and it will drop to $22 when the market opens.

12/22/2008 4:11:36 PM

Time to buy SSO again, with it trading around $24.30...or should I be patient and see if it'll fall some more?

12/23/2008 12:50:54 PM

it will fall more

12/23/2008 12:57:51 PM

Interesting:

Who was Ponzi -- what the heck was his scheme?
http://www.cnn.com/2008/LIVING/wayoflife/12/23/mf.ponzi.scheme/index.html

12/23/2008 1:48:38 PM

Picked up a little POT today hoping to see 75 or 80 before it heads back down

12/23/2008 3:56:11 PM

This is a great video from CNBC about the recession coming in '07-'08:
http://www.europac.net/Schiff-CNBC-8-28-06_lg.asp

This guy just called it. Funny to watch after the fact.

12/28/2008 12:05:28 AM

good clip...that woman commentator is stupid and cant tell the difference in being sexist and being honest

12/28/2008 12:17:16 AM

What do people think about CREE?

12/29/2008 8:21:34 AM

Thought about buying some a couple of years ago. Glad now that I didn't. Haven't paid much attention to it lately.


Thinking about buying back into SSO on today's dip, even though the volatility has calmed down over the last couple of weeks.

[Edited on December 29, 2008 at 10:57 AM. Reason : also thinking of going long on CSCO]

12/29/2008 10:56:24 AM

would you consider citigroup and/or AIG good long term buys?

12/29/2008 11:05:57 AM

^ i don't know...i haven't really looked at either closely enough to say.


just bought 415 shares of SSO at $24.05. Hopefully I don't regret it...worst case, I guess it just takes a while to get my money back out of it.

12/29/2008 11:17:36 AM

Quote :

"Glad now that I didn't"

Why is that?

12/29/2008 12:03:02 PM

^^ I know you are fairly investment savvy but be careful. Those levered ETF's are meant for trading not holding.

Most people are surprised to find out that in the long (or even medium) term that a regular S&P 500 index like IVV will significantly outperform a levered fund like SSO.

12/29/2008 9:57:41 PM

anyone getting into indymac stocks, they've been exploding

12/30/2008 12:08:19 AM

^^ yeah, i know. i typically hold it for a day or three, then sell. what i meant was that it isn't that big of a deal if it drops from my buy-in point and I have to hold for a few weeks or even a little more before selling again.

12/30/2008 4:52:14 AM

Anybody feelin the market today? I havent touched it since my FAS cashout a couple of weeks ago. Wondering if it is going to be a bull day.

12/30/2008 8:49:58 AM

Doesn't seem to be a lot of confidence out there. The rally's that were testing the 920ish resistance in the S&P haven't been there over the past week or so, the market has generally been down with low volume (could just be lethargy, could just be holidays), the Christmas rally everyone was calling for didn't (or at least hasn't yet) materialized, and the news is still overwhelmingly bad (October home prices show drop still increasing meaning we didn't hit bottom yet).

I can't imagine there is any news hidden in there that will cause in sort of a real rally, and at the same time I can't imagine there is anything left that will shock the market into a plunge (fed/government shown they aren't going to let any big player fail). By this token, if you plot the volatility (the daily percent change) of the market, you see it converging to more steady values in the .3% range or so. This is good, but again, it could imply some sort of lethargy and the steady uptrend we saw off the Nov lows could turn into a steady downtrend to retest that area.

[Edited on December 30, 2008 at 10:15 AM. Reason : .]

12/30/2008 10:11:33 AM

In my opinion if we are gonna see a rally its gonna be in January. The past 2 weeks volume has been really low so we havent seen much movement one way or the other. With Obama taking over and the volume picking up I could see a decent rally starting up. I also think once that rally is over we will see a drop testing the october lows but hopefully not the nov. 21st ones. Then I think the market idles in that area with brief ups and downs till at least the second half of the year. Im hoping at least a few stocks can break into profits next month so I can get out and hold for the dips again. We will see though Ill be watching very carefully starting the 5th after the holidays to see how things play out.

12/30/2008 10:27:40 AM

Quote :

"and the steady uptrend we saw off the Nov lows could turn into a steady downtrend to retest that area. "

that's the thing that scares me a little, at least in terms of making quick bucks off of SSO.

i don't really give a shit what the market does in terms of all my long term holdings.

12/30/2008 10:38:16 AM

Well, you could book your 400 in profit and call it a day or you can be greedy.

12/30/2008 10:46:28 AM

yeah, i missed it when I was up about $450...trying to wait and see if it goes back up a little more, then I'll bail.

[Edited on December 30, 2008 at 10:50 AM. Reason : (pretty solid up day so far...not TOO worried about erasing all my gains, so I'll wait just a little]

12/30/2008 10:48:20 AM

will be great when this market returns to some sort of normalcy. Missing these mini rallies that happen on days when the news is overwhelmingly negative is getting to be really fucking annoying.

12/30/2008 11:48:14 AM

Sold at $25.12. $430 in my pocket after $14 in brokerage fees.

12/30/2008 12:51:13 PM

I personally think you have a horseshoe in your ass.

12/30/2008 12:58:15 PM

I'd rather be lucky than good!

I think I'm up about $3450 so far (this was the 3rd SSO trade...I think over a period of about 5, maybe 6 weeks). I don't bet the profts...I just go in with $10k each time.

[Edited on December 30, 2008 at 1:06 PM. Reason : asdfa]

12/30/2008 1:04:42 PM

When SSO hit $25.25 I sold covered Jan 25 calls on a good bit of mine at $1.70 a share. I'm actually having a hell of a good time doing option trading on these ETFs.

12/30/2008 1:07:56 PM

The horseshoe factor is exactly what makes me a nervous, though.

I mean, it's money for nothing. I'm not doing any sort of labor. I'm not crunching any numbers. I'm not being patient and disciplined and letting time and compound interest work for me (at least with SSO). I'm not reaping the rewards of any great knowledge or insight. I am essentially gambling...looking at the market and saying "Hmmm, nice dip. Time to buy", then just waiting until it goes up and selling again. It seems far too easy and too good to be true.

My only ace in the hole is that I can wait however long I need to sell without taking a loss (hell, right now, I have no use for the money anyway).

12/30/2008 1:20:34 PM

Yeah, thats why I like doing in the money calls on these. I paid ~$24/share for mine, so if they sell at 25 I'm basically pocketing $2.70/share. If it doesn't sell I've already lowered my cost down to $22.30/share, in which case I wouldn't have a problem selling $24 or even $23 calls in Feb on the same lot for a similar premium.

I'm limiting my possible gain, but at the same time guarding against a slow downward spiral. Of course, if it takes a huge hit I might be fucked anyway.

12/30/2008 1:28:34 PM

sold all my SLW

still got DRYS, want it to break $12.3

12/31/2008 1:58:36 PM

Im up over 10% in the past 2 days, Im definitely ok with that

12/31/2008 3:41:15 PM

Well, my WB has magically been turned into WFC.

1/2/2009 3:32:28 PM