jq26 Posted September 24, 2008 Report Share Posted September 24, 2008 08:32 ET Dow , Nasdaq , S&P : [bRIEFING.COM] S&P futures vs fair value: +9.50. Nasdaq futures vs fair value: +13.50. Futures gain some ground as Warren Buffett gets interviewed on CNBC. Buffett said in five to ten years we will look back and see that there were some extraordinary buying opportunities. Link to comment Share on other sites More sharing options...
ShortBus Posted September 24, 2008 Report Share Posted September 24, 2008 Problem is that a lot of people don't have the money now to take advantage of that opportunity... which is why it's such a good opportunity. Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted October 11, 2008 Report Share Posted October 11, 2008 Buffett said in five to ten years we will look back and see that there were some extraordinary buying opportunities.No joke... There has been some incredible steals made by sound solvent companies and a few billionaires... Right now is the best time for some of these outfits to practice the dogma of buy ridiculously low and sell for outrageously high... Link to comment Share on other sites More sharing options...
jq26 Posted October 12, 2008 Author Report Share Posted October 12, 2008 I agree 100%. There are many companies swimming in debt that have low PEs which will have earnings reductions coming that will make their PEs skyrocket. But there are companies out there with $0 debt who will thrive. And those companies have been thrown out with the bathwater. I'm seeing PEs on some companies thta are now below 5. Solid companies with GROWING revenue. In addition, energy costs have plummeted. I think many companies will offset decreases in revenue with decreasing costs. Commodities have tumbled. Look at corn, wheat, aluminum, copper, oil, NG, whatever. They are down across the board. Raw materials have plummeted. It certainly matter to the bottom line. People are pricing in a complete disaster to GDP. Imagine the short squeeze that occurs if companies just report in-line. Link to comment Share on other sites More sharing options...
hasas13 Posted October 12, 2008 Report Share Posted October 12, 2008 I know the best time to buy is when it is low but I think I will wait until it hit the floor low. Link to comment Share on other sites More sharing options...
jq26 Posted October 12, 2008 Author Report Share Posted October 12, 2008 has, the only problem is no one knows when that is. It is impossible to know. Pros can't figure it so how are you going to? Link to comment Share on other sites More sharing options...
nascar Posted October 12, 2008 Report Share Posted October 12, 2008 Are you talking about things like General Motors falling to its lowest price since the 50's? Link to comment Share on other sites More sharing options...
jq26 Posted October 12, 2008 Author Report Share Posted October 12, 2008 I wouldn't touch GM with a 10 foot pole. Nor anything else from Detroit. Link to comment Share on other sites More sharing options...
nascar Posted October 12, 2008 Report Share Posted October 12, 2008 I wouldn't touch GM with a 10 foot pole. Nor anything else from Detroit.Especially the Lions. Link to comment Share on other sites More sharing options...
Goldbug Posted October 12, 2008 Report Share Posted October 12, 2008 Are you talking about things like General Motors falling to its lowest price since the 50's?Is that 1950 dollars or '08 dollars? If that # is not corrected for inflation, GM has even bigger problems!http://www.minneapolisfed.org/Use the calculator on the right side of the page. Put 1950 in the first box. If you really want to see what's happened to the dollar, put the first year of the Fed (1913) in the first box. Yep, that's the Govs own numbers.Goldbug Link to comment Share on other sites More sharing options...
nascar Posted October 12, 2008 Report Share Posted October 12, 2008 what page? Link to comment Share on other sites More sharing options...
AboveAverage Posted October 12, 2008 Report Share Posted October 12, 2008 Personally, I can't see the DOW getting into the 7000s....I agree with Suze Orman about the bottom nearing 8200, though perhaps she might be trying to put a smiley face on a real messed up situation Wall St. is going through.Best thing I can advise is if you can find a way to move money around, increase your contributions to your 401K plan. Buy cheap.One thing I'm curious about is if the DOW will ever see 20000 around the time of our retirements (20-30 years)? Link to comment Share on other sites More sharing options...
Goldbug Posted October 12, 2008 Report Share Posted October 12, 2008 what page?Sorry about that, I fixed my post.http://www.minneapolisfed.org/Goldbug Link to comment Share on other sites More sharing options...
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