Obama says buying stocks now is a good idea!
 

And it is written...
http://biz.yahoo.com/ap/090303/obama...html?printer=1

Yeah thats the way Obama! So how many of you are gonna run out and buy a buttload of stocks?!

i will buy baking stocks

oblabla talks
the osama retards buy
aleluyah

problem is most of his supporters dont have any money to buy anything let alone stocks

What he said.

Hahaha. Yeah go out and buy stocks people ... follow your messiah ... honestly .... if you could just make sure you buy the few stocks i am still in so I can get out at a more reasonable price I would appreciate it. Thanks :)

Now is indeed the time to buy for the long term.

Hell yes, buying long term stocks now is a great opp.

tell that to the people who purchased long term 6 months ago just to see the long term stocks be worth 0 because the company closed its doors

now is a time to buy nothing 0 zippo

I love the capitulation. Thats a buying signal for me. I am buying Oil and select financials. With proper diversification I don't care if the Dow hits 3k.

:2 cents:

Dont worry the market will send you more signals like that throughout 2009 and possibly beyond, just ask Warren Buffet.

awesome!

yep that poor warren buffet

"Buy when the price is low and sell when it's high." How much lower can it get?

i read about 5500 somewhere so there is away but when it hits bottom.People buying the right ones could become very wealthy.

At least Obama has stopped talking about Armageddon, depression and civil war and is finally trying to restore some confidence to the markets.

Love how he throws the word "potentially" in there to cover his ass, lol. If he said "potentially bad deal" it'd be a true statement too. I'd be offended if I were someone that watched my 401k evaporate then listen to him say shit like that.

Ok that's a good news.

sure seems like wall street isnt happy with the obama policies.

A potentially good idea... indeed...! And I am potentially going to buy all of them!

Well, it can go to zero... and you know what, we're still not done yet. Do you think Lehman will be the only bankruptcy in this fiasco? The bankruptcies haven't even started piling up, thats the next phase - people going out of business, and when that hits, the market will probably trade even lower. The market is doing a real correction now, where people are returning to simplistic roots and realizing its all a bunch of bullshit. When you buy a stock, you own a piece of paper, nothing more. So whats a whole lot of paper worth.. not 6700, in my opinion. Last I checked you can go into office depot and buy 1000 pieces of paper for pretty damn cheap :)

People think just because the stock market has been an insititution for 90 years, that its guaranteed. It isn't. And the stock market has been seriously altered from its origins. Back then, when a stock made a profit, it declared a dividend and the investor actually got a share of the profits. Investors took on risk in equities, and hopefully the profit existed and was higher than that of a return of a simple coupon bond. The market has moved away from its simplistic roots, and been replaced with this complex system that only the insiders truly understand. Remember, the stock market today (without dividends for 99.9% of stocks) is the BIGGEST PONZI SCHEME on this planet. And a lot of the big institutional buyers outweigh you - and they talk. A stock can have a crazy good quarter, yet if a bunch of hedge funds collaborate a sell off, you still lose. The stock market predicated on more money flowing in, then flowing out (more buyers = up, more sellers = down). If you buy, before other people buy, you make money. If you buy, and other people sell, you lose money. If you don't understand this, don't buy stocks. It's all gambling nothing more.

Can't blame Obama for saying what he's saying, he's trying to get some confidence going. His job is to help the country, and right now the country needs confidence more than anything else. Truth is, if he wants confidence, he should fix the stock market system, make all companies declare a certain % of their profits dividends, or guarantee that profits will actually be returned to shareholders in one form or another. It won't be easy, but its doable... Put the power back in the shareholders hands - not just management, and the confidence will return. Hopefully, the stock market emerges better.

Here is the key phrase. "If you don't understand this, don't buy stocks. It's all gambling nothing more."

Years ago the stock market was about a company raising money to invest in their future, today as you say it's gambling and I would think Las Vegas has better odds.

Yes you're right the stock market needs to get back to what it was. A place to invest in the future of a company and not a place to get rich quick.

As for the experts, think back at what these experts created. A scheme for many of them to get rich quick while they fucked the rest of us. And if they need to be told by Obama when to invest then how expert are they?

As said a lot of people who follow Obama's words do not have the money to make a difference and those with the money should not need his advice.

Obama should send everyone bailout money to buy stocks with.

He has a good point.

Note to self: Dont buy stocks now

I NOMINATE BIGGY FOR HEAD OF THE SEC! :thumbsup ... BUT due to the distribution of wealth from companies to shareholders u might be labeled as a socialist ... :(

They will continue to fall, but even today's prices are very tempting.

I think anyone who got in anytime after the October crash is going to be happy long term as long as their companies don't go under.

If almost free companies like Fannie, Freddie, AIG, etc... recover several years from now, that is going to be some really insane profit figures. Of course there are also less risky companies.

Buying the indexes and not going margin so you can ride it should be rewarded from here but should is the keyword. JPMorgan and GS are finding they can raise their prices do to lack of competition. The strong are getting stronger. The weak will die or in a free market economy they should.

1/2 correct. Yes 6 months ago was a BAD time to buy, now it is about the best time in any of our lives to get into stocks.....!!:2 cents::2 cents:

So..... how about those stocks.

It is a great idea to buy stocks right now, next month and following months until you hear about that glass bottom, a little monthly at a time.
- sin stock - Cigs, Booze, Junkfood
- High yield dividends from companies that make stuff people need daily (cleaning/washing supplies etc)
- If you like to play daily like me, you short sell ETF's and Options.

So yes.. blame Obama, sit around and watch your your tax dollars go to out of date bloated companies with products and industries people don't want, with massive grandfathered union debts and 60 years of pensions to keep paying out.

I just took a look at some of the "sin stock" and I believe you are either a) full of shit or b) some kind of penny stock trader
Are you telling me you sell short ETFs in a market like this AND make money? :1orglaugh

im not in the market, as i prefer to control my money with my own businesses, but now would seem like a good time to buy if you were IN the market.

I just bought some more GE, Ford and Bank of America.

Haha sure you did, and if you did you are dumber than you look. :1orglaugh

Are you flirting with me? You're kinda cute too. :winkwink:

There is so much money on the sidelines right now from all the selling that when it does come back in it's going to be faster then a lot of people think. Many won't be able to get in fast enough for the bottom they are waiting for. Now is a good time to buy as long as it's diversified. ETFs and index mutual funds.