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Credit Crunch Still Has a Ways to Go
The credit crisis still has a ways to go. Here's how to cope with market uncertainty.
 
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Posted 11:43 AM EST October 28, 2007
Posted by: DKP50
Thank you Very Much Jim!> NVO, POT, BrkB, SLB,RIO, RIM & MOS..& CGMFX....I'm going to DisneyLand! For the Whole Winter! 'He who takes No Chance, HAS no Chance'...But, allocate accordingly..50% In your Top Funds 5 stocks and 50% in those Funds..Why Reinvent the Wheel and Emulate the Best in this business.!
Posted 11:31 AM EST October 28, 2007
Posted by: DKP50
Buying For Long Term? I learned and Found to accept My Limitations...ie: I can't beat My Balanced Funds ( PRWCX/OAKBX/FBLAX) on a Long term basis.and surely not Funds Like FAIRX/WWNPX/CGMFX.. So, 5 yrs prior to retirement? I got of of Indexing and Guessing and moved 90% of my $ into those funds. Back in 1998. You do the math what has happended since vs Indexes or Otherwise..
Posted 10:58 PM EST October 26, 2007
Posted by: russditalia
'Buy when blood is in the streets'; I smell blood.
Posted 10:02 PM EST October 26, 2007
Posted by: dmsouza
Great comments, especially about staying away from the financial sector. What puzzles me though is BAC at 47 is yielding 5% plus. Isn't this is a buy signal for income minded long term investors?
Posted 7:38 PM EST October 26, 2007
Posted by: j72050
I like Stewart's idea of selling on a 25% gain, and buy on a 10% drop...especially in the ULTRABULL PROFUNDS group...but I won;t do it...I have a $2 million portfolio, and the taxable events I would create would drive me crazy. By the way, at times this works...at times it does not.....I would rather buy and hold till my advisor... ...says get out. He is not a pickpocket commission hustling 'broker'...these are no loads. He does not handle any of my trades, I do.
Posted 12:25 PM EST October 25, 2007
Posted by: widesmile
Great article, and great comments. Restraint and long term perspective seem logical. I hope others write some more 'sky falling articles' it be a nice oppurtunity to buy.
Posted 6:48 PM EST October 24, 2007
Posted by: miltkim
JP Morgan as June 2007 had $457,404,000,000 in loans net of bad debt reserves. So when they say they are writing off $1.3B in loans, it represents two tenths of 1 percent of their loans. That is peanuts. These banks are not hurting yet. Let's not get out hand here.
Posted 5:50 PM EST October 24, 2007
Posted by: DKP50
'I can't believe that banks/mortgage companies can write off billions of uncollectable debt and the current managers are not held responsible for making unsound/stupid lending decisions. ' IT always was and has been The good Ol Boy System and on Borrowed $.. they all new it was a Con Game giving Mortages to Unqualified People, The Fed wasn't watching them close enough...& YES, & THEY AND ALL THE MORTGAGE BROKERS SHOLD BE PUT IN JAIL for FRUAD!
Posted 5:42 PM EST October 24, 2007
Posted by: DKP50
'The Poor Middle Class Aren't Buying'? Oh Please, They're making more now than anytime in their Life and They ALWAYS Stop buying Till TURKEY Day! for Xmass Buying, which is some 75% of the Retialers profits! They're going buy and Buy Big this yr..Their #401k's are Fat, Their Hommes are Big & Fat and they're FAT and Getting Fatter!
Posted 5:40 PM EST October 24, 2007
Posted by: DKP50
OMG! The World is Comming to an End ( Again)...LOL Give Me a Break Will you guys! It's always The Bad News Bears crying the Blues, coincendtly Just before the Fed Meets and to help Influence him to Drop rates again! I don't see anyone telling us that those Mortgages are backed up By Actual Property, that we know will still be worth at least 100% of it's Mortg. Value by this time next yr.!I hope Berneke and the Board See thru all this, Greenspan Did....Buy GGP Stock and Buy Riets People..!
Posted 4:44 PM EST October 23, 2007
Posted by: FOGNO
As you say, the one sure thing about bad news, there is always more coming. I think they invented Puts for this sort of mumbo-jumbo situation.
Posted 2:52 PM EST October 23, 2007
Posted by: svw3302
So would you classify companies like MCO, PRAA, and AIB as financial and mortgage companies????
I never miss reading your Tuesday commentary!!
Posted 1:47 PM EST October 23, 2007
Posted by: hcarba
I agree that some strong companies did well in the last quarter in the midst of the credit crunch. Probably cause the US consumer didn't know what was happening till now. But watchout, the US consumer is feeling poorer and getting tapped out. I see the lack of good sales at Walmart and Target as a troublesome indicator that the US middle class is hurting.
Posted 12:01 PM EST October 23, 2007
Posted by: goarmy1
I can't believe that banks/mortgage companies can write off billions of uncollectable debt and the current managers are not held responsible for making unsound/stupid lending decisions.

I guess there is no longer anything called corporate responsibility, because if it did exist, all executives responsible for this financial fiasco would be dismissed without golden parachutes. If the top executives of Citigroup were sacked, the stock price would incresase $2 a share.
Posted 11:52 AM EST October 23, 2007
Posted by: goarmy1
I can't believe that banks and mortgage companies can write off billions of uncollectable debt and the current managers are not held responsible for making unsound and stupid lending decisions.

I guess there is no longer anything called corporate responsibility, because if it did exist, all executives responsible for this financial fiasco would be dismissed without golden parachutes. If the top executives of Citigroup were sacked, the stock price would incresase $2 a share.
Posted 11:21 AM EST October 23, 2007
Posted by: dh2407
Great article! I've actually written on related issues and it interesting to grab new perspectives on the same topic.

I would definitely agree that the crisis is far from abating. We've just started to see some of the 'big fish' in this pond reeling from the effects.
Posted 10:31 AM EST October 23, 2007
Posted by: hcarba
I surely agree with the assessment about sticking to a sound investment plan. Aside from the financial sector, I don't think it is time to avoid stocks. However, I would invest in strong multinational companies with good global opportunities for growth, preferably yielding dividends. There will be opportunities in this time of psychoses to pick up bargains.
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