I feel like this article should be in the onion, not Yahoo Finance. Wall Street to brokers: Investors should buy, not flee - Yahoo! Finance
Yesterday was a panic day, but the indicators don't look bad to me. Industry is sitting on a ton of cash, banks are healthy, oil is under $90/barrel, unemployment dropped, and the economy is growing slowly, but it ain't shrinking. I sold nothing and am looking for buying opportunities.
0bamas approval rating? I tend to agree....:rofl: j/k Red, I'm still looking, haven't jumped in yet. But everything else I've got has been doing well.
Okay, so what are you guys eyeballing? Individual stocks, etf's/index funds, mutuals, bonds? I have my eye on GE stock. Trading at 1.31 times book value with 91 billion of cash on hand. MOS is a fertilizer stock. Same type of deal. low price to book with adequate cash. I want to make targeted buys. Once we get under 11,000 I'll buy a little and if we get all the way down to 9,000, I'm going to load up. We'll see.
