Has the Stock Market Seen Its Worst Days?

Opinion is split on whether the stock market has bottomed from its most-recent correction. For over a year I thought the market was due for a big correction, and the most recent 10% correction fits the bill.  There was a little bit of panic mixed in with genuine concern over sub-prime.  However, I think things in the market have stabilized and will go back to what they were doing before this scare; they will rise.

Many think the market is showing its first signs of a major downfall, but I disagree.  Stocks remain well priced and things look brighter while investors have calmed down.

Written by Nagel on August 25th, 2007 with no comments.
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As the Stock Market Worsens . . .

Brace yourself.  It has been a bad few weeks and things might get worse before they get better.  We hit 4-month lows today, and people are pessimistic about the market. 

I do not think all the pessimism is justified, but when this attitudes enveloped Wall Street you need to hold on for dear life. 

My stocks have been getting crushed, and it hurts. I got burned a couple weeks back trying to push more money into my stocks they have gone down–trying to get in at a discount. The problem is that they are further discounted and will continue to be.  I will try to hord up some cash and continue to buy good stcoks on the way down as they become cheaper and cheaper.

Written by Nagel on August 15th, 2007 with no comments.
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Stock Market Sell Off Continues

As you know the U.S. stock market has been hit hard the past 2 trading weeks.  Friday was a crushing blow as the market was down well over 2%. The S&P 500 was down 2.66% on Friday and in a fortnight it has gone from over 1550 to 1433.

Again, it is decision time. After the sell-off from the week prior, I decided to plow more money into equities on Monday and Tuesday.  I was obviously premature in my actions as the individual stocks I invested in are down about 10% in less than a week of trading. Is August 6 another opportunity to invest in broad indices as they are at such a huge discount? Is it time to jump on some stocks that you think are undervalued?  I would say yes to both questions, but the market might have another tough week. You can’t predict the highs and you can’t predict the lows so you have to determine your own investing course.

Written by Nagel on August 5th, 2007 with no comments.
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