Which stocks to buy right now ?????
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Location: carl sagan's universe
Posted on: 08-01-09 09:29:02
Quote:
Originally posted by tamilkuravan
Investpro can help you more on this.
Peace by TK
Thks your vote of confidence.
However right now I am of the same opinion as PratikM- sit tight.
I did on the day after Canadian Thanksgiving buy stocks and a gold contract.
Things went kinda wobbly since then with the Can markets hitting rock bottom on Nov 20 and I was sh##ting bricks, so to speak.
Early this week I got rid of all my stocks and gold contract scraping thru with a very thin profit in all, but like heck from Oct 14 to Jan 6 (the day I got rid of everything bought on Oct 14- the three kings- Jan 6 is supposedly the day Balthasar, Melchor and Gaspar bore gifts to Jesus- were kind by giving me a small profit) I was biting my nails.
My current thoguht processes say to wait it out till the air clears a bit more.
However if you have a lot of kaleja, the word out there is bank stocks 'cos all the money going into RRSO and TFSAs into the banks, even if the investment is into GICs, the bank is gonna turn around aND INVEST INTO their own stocks.
Like if you put money into GICs for your RRSPs into say RBC, all the money it collects in GICs will be invested into its own stock to buoy up its price.
However I ain't got an infallible crystal ball- nor does anybody for that matter.
However to refer to another thread- if you could wake up Nostradamus from the dead... who knows- seems people think he was foolproof.
Not me though
Quote:Good point, esp. if it's one of those "stock linked" or "market indexed" GICs.
Originally posted by investpro
Like if you put money into GICs for your RRSPs into say RBC, all the money it collects in GICs will be invested into its own stock to buoy up its price.
Those are usually "linked" to some custom index created by the bank itself, which will obviously be overweighted in it's own stock.
Even if it's linked to something like the TSX 60, the big 5 bank stocks are weighted heavily on that.
Such a GIC gives the investor inferior returns and higher exposure to market risk.
It's a sweet deal for the bank because they have got themselves a free leverage (those GIC's don't earn dividends like common stock does).
I was recently at my bank (one of the top 5) and their "personal banking officers" are actively promoting these types of GICs, playing to people's fear of the market as well as the greed of cheap stocks.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Can anyone throw some light on the preferred shares offering of RBC and Scotia?
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There is severe volatility in the market.
People buy shares of a stock
Share price of the stock goes up
People sell shares of stock
That is all is happening these days. Even if businesses come out with long term plans, no one's trusting that and holding onto these stocks long term.
Perfect for a day trader.
Of course there are some perceived long term stocks in the financial sector you can buy but who do you want to trust these days?
We are officially in the age of fake ledgers. Not a soul knows the truth.
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If you have a gun, you can rob a bank.
If you have a bank, you can rob everyone.
- Bill Maher
Quote:Which ones specifically do you mean?
Originally posted by amit kalia
Can anyone throw some light on the preferred shares offering of RBC and Scotia?
The recent 6.x% 5 year term @ $25?
Preferred shares vary widely because of terms and conditions.
Are the ones you are considering retractable?
When and how often does the bank have the option to redeem them?
It all depends on the terms of the issue.
I'm sure you know that preferreds shot thru the roof starting 2nd Jan.
Another option is a preferreds ETF like the CPD.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Wall Street's Not-So-Great Expectations
December saw the loss of over 500,000 jobs, yet the market all but shrugged. Why? Because Wall Street saw it coming, Cramer said during Friday’s Mad Money. There was no need to overreact.
The market’s moves forecast what will happen in the economy six months from now. That means expectations were low as far back as June, and stocks traded accordingly. The bad news was already baked in, and that’s why a horrible jobs number cost the Dow only 143 points instead of 500.
The same thing happened with Alcoa [AA 10.81 -0.55 (-4.84%) ] and Intel [INTC 14.15 -0.40 (-2.75%) ]. Both companies recently reported terrible quarterly earnings, but the stocks held their ground. And why shouldn’t they? Alcoa had already plunged 65% in the last year, while Intel had dropped 38%. By the time the conference calls came around, the negativity had been priced in.
Now just because Wall Street’s bearish predictions are coming true, slowly putting this bad news behind us, that doesn’t mean there’s good news ahead. That’s why the market held steady for most of Friday, Cramer said, before losing 80 additional points in the last 10 minutes.
The only jolt to the system will come from some number or event that exists outside Wall Street’s expectations. Three straight months of stabilizing jobs reports would probably be enough to surprise the Street, motivating buyers to re-enter the market. And, of course, a double-digit unemployment rate – it’s at 7.2% now – would send traders in the opposite direction.
But in the meantime, Cramer said, don’t expect much from the market when the economy does nothing more and nothing less than what was expected.
Keep well,
Cheers!
http://www.rediff.com/money/2009/jan/10forbes-the-us-stimulus-which-stocks-could-rule.htm" target="_blank">http://www.rediff.com/money/2009/jan/10forbes-the-us-stimulus-which-stocks-could-rule.htm</a>
This is a good article considering two companies which would be good because of the Obama's stimulus package. URS Corporation (URS) looks a bit costly, but Terex Corporation (TEX) looks a good buy right now.
Terex is a diversified global manufacturer of capital equipment focused on delivering reliable, customer relevant solutions for the construction, infrastructure, quarry, mining, shipping, transportation, refining and utility industries. It operates in five business segments: Terex Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials Processing & Mining and Terex Roadbuilding, Utility Products and Other. The Company's products are manufactured at plants in North America, Europe, Australia, Asia and South America, and are sold primarily through dealers and distributors worldwide.
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i..........rock........!!!!!
