Does anyone have any amount in the stock market?

[FairWarning]

Not pretty on my end. Talking to my guy on Wednesday. One stock I am looking at is Hormel.

 

[TheKinz]

If the media would stop the incessent negative sky is falling routine the country could take a breath and make some rational decisions and evaluate our options. I almost fell out of my chair when FH said we are in a depression. This is a very bad economic cycle but not even close to depression. Of course there are parts of this country much worse off but there are other places where it is biz as semi-usual. I drive around now saying wow "I can't believe that place is packed" WTF is that??? I had to bitch slap myself. If there is value at a store or you want to eat out you still do it and low and behold there are MANY doing the same. Remember 10% of the mortgages are bad that leaves 90% good and 90% of americans working hard to pay their debts. I do feel bad for anyone on here who has lost their job but keep your chin up and don't fall into this media black hole.

everyone take a deep breath...There will be bags of money to be had in this market soon and you and I can try to make our 106K back into a 401K.

peace out

 

[FairWarning]

Kinz, is this the same media that said that Obama is the savior and threw Change in our faces?

 

[whalewager]

I would imagine if you asked a few people with families that just lost their jobs and 401k...

they would probably say we are in a depression

 

[kid44]

Got out and bought gold and silver 13 months ago.

 

[DesertDevil]

According to this article, Fish might not be too far off when using the "D" word.

http://www.azcentral.com/news/articles/2009/03/02/20090302depression-define0302-ON.html#comments

 

[TheKinz]

2009 Alternate Fairy Tale Geginning:

Granny, do all fairy tales begin with "Once Upon A Time"?

No Darling there is a whole series that begins with "If Elected I Promise"

 

[WharfRat+]

I'm only 32 but have been steadily contributing to retirment accounts and mutual funds for 10 years now.

And I would have been better off to bury all of that money in my backyard. Its depressing. 10 years of investing wasted.

 

[TheKinz]

you have 31 years for it to come back...deep breaths

 

[PublicsMoney]

I'm only 32 but have been steadily contributing to retirment accounts and mutual funds for 10 years now.

And I would have been better off to bury all of that money in my backyard. Its depressing. 10 years of investing wasted.

Im in the same boat, but I am 37...I guess I have time on my side. It has come to the point with me that I dont even watch the bussiness news anymore, or for that matter NEWS period.

Better times ahead.

 

[Fishhead]

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>JNJ</TD><TD class=grabotleftyel>$ 48.37 Johnson&Johnson

</TD></TR></TBODY></TABLE>

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>PG</TD><TD class=grabotleftyel>$ 47.32 Procter&Gamble

</TD></TR></TBODY></TABLE>

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>WMT</TD><TD class=grabotleftyel>$ 48.28 Wal-mart </TD></TR></TBODY></TABLE>

<TABLE cellSpacing=0 cellPadding=0 width=368 border=0><TBODY><TR><TD class=grabotleftyel height=30>AAPL</TD><TD class=grabotleftyel>$ 88.66 Apple

</TD></TR></TBODY></TABLE>


These stocks are discounted by 50% or more, in the case of Apple, they were around $165 last spring. The consumer goods companys are blue chip and wally World peddles all of those companies goods.

If a man can weather the next few years with some ups and downs these companies will pay off. P&G is looking to sell of it's phamacutical biz and is currently looking for takers- will generate revenue to focus and grow core business.

WMT with a nice report yesterday.......

 

[HerzvanRentle]

I'm only 32 but have been steadily contributing to retirment accounts and mutual funds for 10 years now.

And I would have been better off to bury all of that money in my backyard. Its depressing. 10 years of investing wasted.

How would you be placed if the next ten years went sideways?

 

[FairWarning]

Just bought $7500 worth of mutual funds yesterday.

 

[paftraft]

Bought into PWE yesterday at 7. Last year I bought it at 26.

 

[HiPockets]

If the media would stop the incessent negative sky is falling routine the country could take a breath and make some rational decisions and evaluate our options. I almost fell out of my chair when FH said we are in a depression. This is a very bad economic cycle but not even close to depression. Of course there are parts of this country much worse off but there are other places where it is biz as semi-usual. I drive around now saying wow "I can't believe that place is packed" WTF is that??? I had to bitch slap myself. If there is value at a store or you want to eat out you still do it and low and behold there are MANY doing the same. Remember 10% of the mortgages are bad that leaves 90% good and 90% of americans working hard to pay their debts. I do feel bad for anyone on here who has lost their job but keep your chin up and don't fall into this media black hole.

everyone take a deep breath...There will be bags of money to be had in this market soon and you and I can try to make our 106K back into a 401K.

peace out

Laughable wing talking point- that we would be better off clucking our heads in financial sands and not talking about dire realities. Like maybe we should bring back Arthur Andersen accounting lies and maybe that would bring back Enron.

 

[chipman58]

Got out and bought gold and silver 13 months ago.

Damn that was good timing,you should be sitting good right now.

 

[kobefan08]

That will never happen FH

Way too much of a possibilty at this point to say it will never happen

 

[PatsFan1283]

Fish...you seem like one of the more levelheaded guys on this board and you said you think we are in a depression, not a recession, which surprised me. I really don't agree with that if your defining the depression by anything similar to what happened 80 years ago, now THAT was a depression. So why do you think we're in a depression? Just curious...

 

[jeckll]

Now is the time to go long in oil and rates boys!!

 

[PatsFan1283]

bump for Fish...