Banking Stocks..... Stock Market..... Is it time to buy?

  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 1:01 AM GMT
    I need to invest some of my IRA money, but have been hesitant to enter into anything.... I am basically not too experienced when it comes to investing.... I am mostly in cash and money markets now.

    I was wondering if any of you guys think it is a good time to start getting back into the market?,,,,,, I have been following a few bank stocks... Regions, Citybank, Bank of America.... any info greatly appreciated!!

    Thanks
    icon_question.gif

    icon_lol.gificon_question.gificon_lol.gificon_eek.gificon_question.gif
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:22 AM GMT
    Investing in the stock market at this point is pure insanity.

    Anyone who still has investments in the market should pull what they have out now and cut their losses. There may still be an upsurge in the market, but it will be short-lived and driven by speculation - which can and will turn on the stock market soon enough.

    The only good investments are buying physical gold and silver, and most importantly, storable foods.

    The US and global financial system as we know it is FINISHED. This isn't a recession, it's a depression - and it will become a depression that will make 1929 look like a walk in the park.

    Protect yourself and your assets. Stay away from stocks. The whole system is history, so it's time to prepare for that.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:29 AM GMT
    MeOhMy saidInvesting in the stock market at this point is pure insanity.

    Anyone who still has investments in the market should pull what they have out now and cut their losses. There may still be an upsurge in the market, but it will be short-lived and driven by speculation - which can and will turn on the stock market soon enough.

    The only good investments are buying physical gold and silver, and most importantly, storable foods.

    The US and global financial system as we know it is FINISHED. This isn't a recession, it's a depression - and it will become a depression that will make 1929 look like a walk in the park.

    Protect yourself and your assets. Stay away from stocks. The whole system is history, so it's time to prepare for that.


    You're joking right? Sure we may not have reached the bottom yet... but pulling out of stocks completely? You are wrong. Sure people need to reallocate their investments. But to be out of the market is insanity... you will miss the bull market when it does come and it will come. Whether it is in a year or 5 years... it will come. I own some bank stocks. I have Citi. I bought it when it was just about $2. So I have made a pretty penny.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:37 AM GMT
    No, I'm not at all joking.

    We are on the verge of the greatest global depression that the world has and likely (or hopefully) will ever see.

    Any inflated boom in the stock market will be fleeting and designed only to absorb the last remaining wealth of the people before it completely bottoms out.

    This is not like a "normal recession" - do not think of this in terms being parroted by the mainstream media, which is entirely owned by the banking and corporate system which is causing the crisis. The "recession" won't be over by 2010 - the IMF already said that the developed, industrialized western nations of the world are in a depression - how long before the media finally admits that?

    What about when speculation turns against the US dollar, as it did in East Asia in 1997, Russia in 1999, Argentina, the UK, etc etc.??

    The whole international system - the global political economy - is in the process of being reshaped and reorganized.

    There is no "bounce back" here.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:46 AM GMT
    this??
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:49 AM GMT
    jprichva said
    MeOhMy saidNo, I'm not at all joking.

    There is no "bounce back" here.


    This.

    This what? The above sounds like stock tips from Noam Chomsky.
    I think I'll stick with Wells Fargo instead.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:51 AM GMT
    MeOhMy saidthis??


    There are multiple theories as of what will happen and even if time is bad we will get through it but you can't pull out completely and buy food as u suggest. What type of investment strategy is that. To buy food? I wouldn't want you as my FA.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 2:52 AM GMT
    This is the BEST time to buy. Have been buying up stocks left and right. A few banking stocks, mostly transportation and housing.

    Also best time to buy real estate. Have purchased 5, million dollar plus homes for on average 3-350K!! Do it now. Even if these sell for 500K....it's worth it.
    Cheers,
    Keith
    icon_evil.gif
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:00 AM GMT
    TexDef07 said
    jprichva said
    MeOhMy saidNo, I'm not at all joking.

    There is no "bounce back" here.


    This.

    This what? The above sounds like stock tips from Noam Chomsky.
    I think I'll stick with Wells Fargo instead.


    Oh, so you want reputable sources?

    Okay, the MOST reputable source, the Bank for International Settlements (BIS) had something interesting to say.

    For those that don't know, the BIS acts as the central banks for the worlds central banks. Every two months, central bankers from the industrialized nations of the world meet in Basel, Switzerland, where they coordinate central banking policy.

    The central banks were the prime progenitors of the current financial crisis. They collude with and work for the big banks of the world, including Wells Fargo. In fact, the Federal Reserve gave Wells Fargo bailout money so that it could buy up Wachovia.

    In June of 2007, the BIS, described by the Telegraph as "the world's most prestigious financial body", warned:

    "that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood."

    This is not about the "housing bubble", that is just the starting phase of this:

    "The BIS, the ultimate bank of central bankers, pointed to a confluence a worrying signs, citing mass issuance of new-fangled credit instruments, soaring levels of household debt, extreme appetite for risk shown by investors, and entrenched imbalances in the world currency system."
    http://www.telegraph.co.uk/finance/economics/2811081/BIS-warns-of-Great-Depression-dangers-from-credit-spree.html

  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:03 AM GMT
    jake_bh03 said
    MeOhMy saidthis??


    There are multiple theories as of what will happen and even if time is bad we will get through it but you can't pull out completely and buy food as u suggest. What type of investment strategy is that. To buy food? I wouldn't want you as my FA.


    To buy "storable food" is the best investment one can make. During the Great Depression, the great majority of the population was rural-based, whereas now it is primarily urban based.

    When the system crashes, food stops being shipped. Storable food is the most precious of all commodities.


  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:11 AM GMT
    MeOhMy said
    jake_bh03 said
    MeOhMy saidthis??


    There are multiple theories as of what will happen and even if time is bad we will get through it but you can't pull out completely and buy food as u suggest. What type of investment strategy is that. To buy food? I wouldn't want you as my FA.


    To buy "storable food" is the best investment one can make. During the Great Depression, the great majority of the population was rural-based, whereas now it is primarily urban based.

    When the system crashes, food stops being shipped. Storable food is the most precious of all commodities.




    The sky is not falling man. Bad times are now and probably are more to come but the sky is not falling. I will be happy with my gains in the market while you lose your money with canned peas.
  • CAtoFL

    Posts: 834

    Apr 14, 2009 3:19 AM GMT
    Hmm, maybe we should all buy stock of companies that produce storable food ... icon_lol.gif
  • boilerup_82

    Posts: 188

    Apr 14, 2009 3:23 AM GMT
    jake_bh03 said
    MeOhMy saidInvesting in the stock market at this point is pure insanity.

    Anyone who still has investments in the market should pull what they have out now and cut their losses. There may still be an upsurge in the market, but it will be short-lived and driven by speculation - which can and will turn on the stock market soon enough.

    The only good investments are buying physical gold and silver, and most importantly, storable foods.

    The US and global financial system as we know it is FINISHED. This isn't a recession, it's a depression - and it will become a depression that will make 1929 look like a walk in the park.

    Protect yourself and your assets. Stay away from stocks. The whole system is history, so it's time to prepare for that.


    You're joking right? Sure we may not have reached the bottom yet... but pulling out of stocks completely? You are wrong. Sure people need to reallocate their investments. But to be out of the market is insanity... you will miss the bull market when it does come and it will come. Whether it is in a year or 5 years... it will come. I own some bank stocks. I have Citi. I bought it when it was just about $2. So I have made a pretty penny.


    good buy...I was thinking of buying Citi when it was around that price but i decided not to. I'm banging my head against the wall now. I did purchase AIG when it was at $0.80 so I've made money on that. Many stocks in the financial sector have sky-rocketed since early march, I wish I was more proactive in buying more. It would have been good in the short term.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:33 AM GMT
    Okay, invest if you want - it's your money, and what do I know, I'm just some stupid kid, right?

    Well, then don't pay attention to what I say, how about looking at what others are saying:

    The Bank for International Settlements in 2007, warns of a new Great Depression:
    http://www.telegraph.co.uk/finance/economics/2811081/BIS-warns-of-Great-Depression-dangers-from-credit-spree.html

    December of 2008, the IMF warns of a new great depression:
    http://www.google.com/hostednews/afp/article/ALeqM5h6Os57hYEifFkfS0_4tWaYPMVJxQ

    February of 2009, South African Finance Minister warns of new great depression:
    http://allafrica.com/stories/200902110624.html

    June of 2008, the BIS AGAIN warns of a Great Depression:
    http://www.bankingtimes.co.uk/09062008-central-bank-body-warns-of-great-depression/

    June of 2008, Royal Bank of Scotland warns of impending stock market crash:
    http://www.dailymarkets.com/contributor/2008/06/18/royal-bank-of-scotland-issues-crash-alert-and-bis-warns-of-great-depression/

    December of 2008, World Bank warns of Great Depression:
    http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=&id=0cdd6bd9-04b7-416b-9ad2-65b7289738b7&MatchID1=4855&TeamID1=6&TeamID2=2&MatchType1=1&SeriesID1=1223&PrimaryID=4855&Headline=World+Bank+warns+of+Great+Depresson+IIi

    December of 2008, the Central Bank of Spain governor warned that the world is facing "total financial meltdown":
    http://www.expatica.com/ch/news/local_news/Bank-chief-warns-of-_total_-meltdown-like-Great-Depression-_48270.html

    Gerald Celente, who predicted the fall of the Soviet Union, the 1997 East Asian crisis, the housing bubble bust - CEO of Trends Research Institute, the most highly respected trend forecaster there is, warns of a new great depression:
    http://www.youtube.com/watch?v=46MEqEgdLTg&feature=related

    Former Fannie Mae executive says housing crisis worse than during Great Depression:
    http://thebulletin.us/articles/2009/01/29/business/doc498155695e915629914618.txt

    Even George Soros has said that the crisis is worse than the 1930s:
    http://moneynews.newsmax.com/streettalk/soros_TARP_banks/2009/01/28/175846.html

    Former chief economist of the US International Trade Commission warned that the US is already in a great depression:
    http://www.upi.com/Business_News/2009/01/11/Expert-calling-it-a-US-depression/UPI-11211231704692/

    In December of 2008, the Economist Magazine stated that the US was in a depression:
    http://www.economist.com/finance/displaystory.cfm?story_id=12852043

    Financial Crisis could trigger social unrest:
    http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=257777&version=1&template_id=36&parent_id=16

    "Crisis heightens danger of global social unrest"
    http://www.timesofmalta.com/articles/view/20090203/world-news/crisis-heightens-danger-of-global-social-unrest

    January of 2009, the Times reported that the economic crisis puts the world "on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself"
    http://business.timesonline.co.uk/tol/business/economics/article5614520.ece



    This is a small sampling of the wealth of information available. But then again, what do I know?

    Go buy stocks, I hear banks, automobile companies and housing are excellent places to invest. Why not skip the middleman and go up to JP Morgan Chase bank, or Wells Fargo if you prefer, and hand them your money directly.
  • dglater

    Posts: 255

    Apr 14, 2009 3:38 AM GMT
    i have to say im no expert in stocks, but i spent 150$ and bought citi bank stocks when they were 1.03.... now its almost 4.

    yaya money icon_smile.gif
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:41 AM GMT
    You're right, I'm just out there yelling "the sky is falling, the sky is falling!" without a clue as to how things work.

    I forgot that I should ignore what the banks, bankers, central bankers, top economists, and trend forecasters say.

    Boy, am I going to look silly when I have food to eat, and you have... stocks.

    I mean, it's not like the global political economy has ever changed in the past, it's always stayed the same and thus, WILL always stay the same. Right?

    And again, I'm just some stupid kid, what do i know? It's not as if I read a lot, or that my main area of study in school is "Global Political Economy", or that i am a Research Associate with a think tank covering the financial crisis. Wait, none of that even matters, honestly, it's just down to the fact that i can READ.

    I just want to give others a heads-up, cause god knows you aint gonna be warned by the government or media. They know its coming.

    But yes, I'll just continue yelling "the sky is falling".

    I've been warning people about a great depression and stock market crash since 2006, and the looks people gave me then, haha, amazing. I was seen as a total crazy crack-pot whacko.

    Imagine how stupid I have come to look since then.


    Seriously though. Ignore what I say. Go to what is BEING said. Go to what the EXPERTS say, not the media, they lie - that is their purpose - indoctrinating ignorance into the people.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:44 AM GMT
    should u buy?

    where have u been the past several months!!!???

    lets see....Citi. group's stock was at its prime between 40-60- constantly its going for about 2 now!... GE was about 30-40 going for about 10...
    U tell me!?
    just remember....buy for long term!! this inst' going to happen over night!
    and look at how the stock performed over the past several years to see how consistent it was...if its all over the place move to the next!~!

  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:48 AM GMT
    GM.. is 1.71 today.

    Ok..heres my question...if GM declares bankruptcy....does that mean its stocks become 0 and you loose all your money?

  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 3:50 AM GMT
    not sure how it works in a bankruptcy!
    But i am sure if anything comes of it they'll being paying money to preferred stock before general stock holders...
    Don't hold your break!!
    i didn't get that far in accounting/finance yet! ;)
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 4:10 AM GMT
    i just googled the answer...it becomes 'worthless wallpaper' apparently.
    i dont have any GM stock and dont think im buying any.
  • CAtoFL

    Posts: 834

    Apr 14, 2009 4:15 AM GMT
    traveljm, to get back to your original question, I wouldn't seek advice online for this for the primary reason that we don't know (and probably shouldn't) your financial situation or what your current assets and liabilities look like.

    I think the best advice is to see a financial advisor. Either a Certified Financial Planner or a Chartered Financial Analyst. Alternatively, you should at minimum talk to your accountant to see what makes sense for your financial situation. I'd avoid the broker at your local brokerage. In my opinion, they're little more than the financial industry's equivalent of the used car salesmen - basically selling you whatever their brokerage wants them to shill.

    I will say that I cautiously started buying stocks again in early February and that the returns - so far - have been much greater than anticipated. That's not to say that the floor can't drop out tomorrow. But with stop orders in place, I've pretty much assured that I'll have made money on what I recently bought if the market drops again.

    Bottom line: There will always be bulls and bears. But no one has a crystal ball (except in hindsight when everyone says "I told you so!" - LOL!). But if you lay out your financial situation for a qualified advisor, you should at least develop a strategy that feels comfortable and will work well for you.
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 5:49 AM GMT
    By My Calculations: Answer Coming Soon™
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 6:03 AM GMT
    traveljm saidI need to invest some of my IRA money, but have been hesitant to enter into anything.... I am basically not too experienced when it comes to investing.... I am mostly in cash and money markets now.

    I was wondering if any of you guys think it is a good time to start getting back into the market?,,,,,, I have been following a few bank stocks... Regions, Citybank, Bank of America.... any info greatly appreciated!!

    Thanks
    icon_question.gif

    icon_lol.gificon_question.gificon_lol.gificon_eek.gificon_question.gif


    You should have bought Citibank a few weeks ago. You would have doubled your money by now
  • dglater

    Posts: 255

    Apr 14, 2009 3:07 PM GMT
    look guys the stock market goes up an average of what 10-12% a year?
    buy few cheap bank stocks, they will go up, and many believe we hit rock bottom already.

    maybe bankruptcy is good for GM? they could then do some extreme restructuring and even re branding them self
  • Posted by a hidden member.
    Log in to view his profile

    Apr 14, 2009 7:39 PM GMT
    Try buying some fixed income bonds.

    Free advice on this website:

    http://www.fixedincomeinvestor.co.uk