If you did a crappy job at work would you be rewarded. I'm glad there was enough people like Marcy Kaptur who had enough spine to vote against Bush's bailout plan.
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ALL GOVERNMENTS ARE LYING COCKSUCKERS -BILL HICKS
Sep-30-2008 06:13
hardcore trancer
Mystic Mind
Registered: Jan 2002
Location: Toronto,Canada
Lets see if they are able to hold up against the Bush admin tomorrow when they try to pass this bailout once again.
Last edited by hardcore trancer on Oct-01-2008 at 02:49
Sep-30-2008 06:32
KaiLee
prog snob
Registered: Dec 2005
Location: I honestly don't know
I can't wait to get my hands on some stocks for cheap!
What do you guys think would be good stocks to invest in right now?
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-.mK. - DONE UNIVERSITY weeeeeeeeee! says:
RITA MCNEIL CHRISTMAS SPECIAL MON @8, CTV
Sep-30-2008 07:21
Naruepol
Junior tranceaddict
Registered: Sep 2008
Location: mississauga
quote:
Originally posted by KaiLee
I can't wait to get my hands on some stocks for cheap!
What do you guys think would be good stocks to invest in right now?
rimm
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ALL GOVERNMENTS ARE LYING COCKSUCKERS -BILL HICKS
Sep-30-2008 07:54
TheVrk
Mediterranean Canadian
Registered: Nov 2003
Location: Windsor, Canada
quote:
Originally posted by Skipper
If you want US real estate, you have to be a pristine borrower or be paying cash.
How many of those are there??
Sep-30-2008 09:52
Skipper
Supreme tranceaddict
Registered: May 2002
Location:
quote:
Originally posted by DigiNut
Failing business is part of the market's "function". The market's function is to weed out those businesses incapable of fulfilling their fiduciary responsibilities and allow the capable ones to succeed. Large, established corporations should be the least likely to fail because they have the biggest cushion of assets to fall back on if things go badly. Chucking government money into them is inflating a cushion that's already sprung a leak - it can't succeed.
Yes, I'm sure if you ask anyone that works in that sector or someone who's close to retirement and has a lot of assets in that sector, they will tell you a bailout would be a good thing. For them, personally. That's not evidence, it's emotion. It's not sound economics, it's feel-good politics. It's an indirect government handout for these people who should have moved or at least diversified their assets sooner.
The market is functioning. It's functioning exactly as it should be functioning, including in the short term. The only thing that can cause it not to function normally is government intervention. Among other things, crashes like this are great for competition and give the bit players a chance to show what they're capable of; that won't happen if the major leaguers are kept in a dominant position no matter how shitty they play.
I get all of that.
Your post that I responded to came off as saying that this government bailout is meant only to appease wall street and it's not.
Sep-30-2008 10:13
exstasie
Hack Attack
Registered: Jun 2006
Location: Toronto/Sauga, Canada
quote:
Originally posted by KaiLee
I can't wait to get my hands on some stocks for cheap!
What do you guys think would be good stocks to invest in right now?
if you want a safe bet...
go for the Canadian Financials...
RBC/TD/BMO etc.
They all had significant drops yesterday. The one thing that we can actually count on is our banking sector.
If RBC or TD ever went under, our country would be in a lot more trouble then the US right now.
If I had some excess capital, I would be buying up bank stocks like no tomorrow. Great long-term investment, not to mention they usually have great dividend returns.
And of course maybe RIM. At $65 a share (it was $130 in June) it is definitely undervalued.
The only thing is, this recession that we are currently experience will enevitably cause RIM's profits start to drop.
Companies will be cutting back costs, and many companies should be looking to reduce their operating expenses, especially with Blackberries since it costs many companies an arm and a leg.
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"I'm not stoned...I'm just Asian!"
Sep-30-2008 10:59
VDub
Scoundrel
Registered: Feb 2008
Location: Toronto
quote:
Originally posted by rabbitjoker
You obviously don't get it.
If the US dollar drops in value, China gets hammered.
Like isaid before...
They don't have that money for investment purposes...
They have it to be used as a weapon...
Besides, Chimese products are starting to lose popularity anyway so the Chinese will have less to lose...
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quote:
Originally posted by chinamon
chinamon is INCH MOAN.
LOL so fitting.
Sep-30-2008 12:47
rulzz
Supreme tranceaddict
Registered: Aug 2006
Location: North York
quote:
Originally posted by exstasie
if you want a safe bet...
go for the Canadian Financials...
RBC/TD/BMO etc.
They all had significant drops yesterday. The one thing that we can actually count on is our banking sector.
If RBC or TD ever went under, our country would be in a lot more trouble then the US right now.
If I had some excess capital, I would be buying up bank stocks like no tomorrow. Great long-term investment, not to mention they usually have great dividend returns.
And of course maybe RIM. At $65 a share (it was $130 in June) it is definitely undervalued.
The only thing is, this recession that we are currently experience will inevitably cause RIM's profits start to drop.
Companies will be cutting back costs, and many companies should be looking to reduce their operating expenses, especially with Blackberries since it costs many companies an arm and a leg.
Rimm is not undervalued by any means it was known that it was largely overvalued so a drop to a 20 times Price/Earnings ratio was expected and 65 bucks is fair maximum in current market
its gonna go to is about 76 bucks (that is if they don't pass some sort of bailout ) and how do you expect it bounce if you saying yourself that recession will only stir more business away from them.
betting on banks is playing with fire looming credit card crisis will cause much more pain for wall street than anything you've seen so far
Originally posted by Aleksandra
That country has fucked itself over SO BAD, it's embarrassing. USA Superpower? No, USA Super Idiot.
+1
Best reply in the whole thread.
Sep-30-2008 13:09
Skipper
Supreme tranceaddict
Registered: May 2002
Location:
The reality is there isn't anywhere to hide. Trying to determine what is over or undervalued based on its recent price swings is risky. RIM was enormously overvalued earlier this summer and I think it still might be, even at 65 bucks.. It can do no right when it comes to analyst expectations - it's always falling short. That's going to continue to hammer the stock price in the next year, I think.
Vdub, there's an excellent article in the economist on sovereign wealth funds and their purpose, I suggest you read it.
