Quote:
Originally Posted by Finnster
In your opinion, whats the deal w/ all these busted financials going nuts lately? C, AIG, FNM, even Lehman. Is this getting to be irrational BS, or is there real value there?
Hard to fight the trend right now, but I'm not that confident is sustainable for the short term.
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They (The investors) are just trying to recover what ever they lost in my opinion. A lot of investors have lost and are still loosing money on C, FNM, Lehman and a few others, so this is just something to cover their losses. Financial companies are still fragile as they required the most life line. I'm really hoping the market keeps going up, but it's very hard and there could be a panic of some sort which will cause a mass sell out.
What I think the trend right now is, most stocks will suffer greatly on a downgrade and any bad news out there, but most stock will gain greatly with an upgrade and good news. Pharmaceutical stocks are a trip and can be awesome if one goes in before any FDA approvals, but will suffer if it doesn't pass.
Right now is the time to go in long. Find a solid company and stick with it for a while. There are a lot of companies out there that have gone up since the bottom, but are still 50% and more lower then it's highs. So if anyone has the money to invest, a year ago would've been the right time, but anyone can still make good money now.