GE is a stalwart. Often a good buy for the long term. Kraft Foods isn't bad either.

 

Cokeybill and Lone Ranger - You are right. Timing will be everything, but this is probably the very best time to be buying. Cash is king. Who has the nerve to do it is another thing.

 

Not in the market, but guess that is what is nice being on VA Disability, I get enough a month to make bills and then some.

 

I took a bath last January, when my 401k lost 10% in one month. I've been saving for 21 years. That scared me, so I moved the money out of stocks and into G'securities and bonds. That stopped the bleeding, but I'm really not making much money at all. I've decided to wait until Feb or March to jump back in the market. Hopefully by then, things will have calmed down, the new President is in office, and the market can regain some confidence.

 

we were given stock as a wedding gift in 97. Something to play with or to let ride. Nothing big.
So, when we got the stock it was valued at 149.00 a share. then the stock split @ 73.00 a share. Now, since the latest fears/panic the stock is worth...... 16.00 a share. It was a gift and interesting to watch but I think I'll keep my money in my pocket. I will retire when you put me in the ground. Till then, I'm all in !!
curtsy
E'

 

Retire? What''s that? A rich man's fantasy for sure. I'll Work until I am dust. Such is my fate.

 

For all of us that are still working, I think the last year has been a real wake up call that we should work as long as we can, and when we think we might be able to retire, just take 6 months off and then look at a different career. Best of all, think of a way to convert a favorite hobby into a business.

 

Nice plan. I like the last sentence the most.

 

When I lost my job in March I pulled mine and reinvested in some small business and an invention I currently have a patent on. I'm coming out way ahead so far but would be in the hole if I would have left it alone.

 

I stupidly didn't follow my own rule about selling a stock if it dropped 10% off its high and the result is at the bottom 0f this page:
http://www.trfindley.com/pgstktrd.htm

I have not found 1 US stock worth buying for over 6 months.
The Dow Jones leads the direction of the market. It has a resistance level where it won't go higher, and a support level, where it won't go lower. The current task is to figure out what the support level is.

In the last decline which started in 2000, the DJIA bottomed out at 7181 on 10-10-2002.

The market predicts business conditions 6-9 months in advance. I think conditions will drop longer than 9 months before the economy improves.