Bargains - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Jeff Lebowski · 10-10-2008, 02:52 PM

There has to be some incredible bargains out there right now in the stock market. I wish I had more time to do some research.

Anybody scooping up some deals?

SeattleUte · 10-10-2008, 03:10 PM

Quote:

Originally Posted by Jeff Lebowski

There has to be some incredible bargains out there right now in the stock market. I wish I had more time to do some research.

Anybody scooping up some deals?

Yeah, I bought some "bargains" in the tech market meltdown only to have them fall 80%. The marked is showing no signs of forming a bottom. No one knows what's a bargain because no one knows what anything is worth anymore. I leave it to the "professionals" (yeah, right), to manage my accounts. I bet there were some bargain hunters that bought some WaMu stock really cheap a month ago. The market teaches that no matter your set backs life can always get A LOT worse.

Jeff Lebowski · 10-10-2008, 03:18 PM

Quote:

Originally Posted by SeattleUte

Yeah, I bought some "bargains" in the tech market meltdown only to have them fall 80%. The marked is showing no signs of forming a bottom. No one knows what's a bargain because no one knows what anything is worth anymore. I leave it to the "professionals" (yeah, right), to manage my accounts. I bet there were some bargain hunters that bought some WaMu stock really cheap a month ago. The market teaches that no matter your set backs life can always get A LOT worse.

Yeah, I bought some "bargains" on the way down in that meltdown too. It was a painful lesson. But there are lots of companies that are highly unlikely to lose 95% of their value like the dot-coms did. I have been mainly in cash for a year or two so I have been pretty cautious. I don't know if I will have the guts to scoop up some bargains, but it is tempting.

Tex · 10-10-2008, 03:26 PM

I just buy index funds, which are lower risk but decent return, and right now is a fantastic long-term buying opportunity.

Jeff Lebowski · 10-10-2008, 03:32 PM

Quote:

Originally Posted by Tex

I just buy index funds, which are lower risk but decent return, and right now is a fantastic long-term buying opportunity.

Hmmm.... That's probably the best bet for an amateur like me in a time like this. It's still pretty scary to pull the trigger. But I have to believe that we are going to hit a bottom soon.

SteelBlue · 10-10-2008, 07:14 PM

Quote:

Originally Posted by Jeff Lebowski

But I have to believe that we are going to hit a bottom soon.

Buy when there's blood in the streets! We've got to be getting close, but who has the balls to guess?

MikeWaters · 10-10-2008, 07:43 PM

EWBC. I own it.

Californian bank that caters to Chinese. Chinese always save!

10-10-2008, 02:52 PM	#1
Jeff Lebowski Charon Join Date: Jan 2006 Location: In the heart of darkness (Provo) Posts: 9,564	Bargains There has to be some incredible bargains out there right now in the stock market. I wish I had more time to do some research. Anybody scooping up some deals? __________________ "... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr.

10-10-2008, 03:26 PM	#4
Tex Senior Member Join Date: Dec 2006 Posts: 8,596	I just buy index funds, which are lower risk but decent return, and right now is a fantastic long-term buying opportunity. __________________ "Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young

10-10-2008, 07:43 PM	#7
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	EWBC. I own it. Californian bank that caters to Chinese. Chinese always save!