Wednesday, November 19, 2008

Too Soon

I must admit I was a bit too soon to get bullish. Those ten stocks got hammered pretty good, except Q only a little and XOM went up a bit. The October 1929 crash didn't bottom out until the summer of 1932 (and the market peak was earlier in 1929). Three years from the October 2007 peak would be late 2010 - another two years away. I hope it's not that bad, but hey could be.

My seven year old daughter is mad for Skechers shoes. They are very cheap, sold at JC Penny's and outlet stores. The company is SKX, founded not too long ago and run out of Manhattan Beach. Their shoes are made in China, most or maybe all. SKX is trading well below book value and has a P/E of 6. People can only put off buying shoes for so long, and I should think cheap ones would be attractive in a recession. SKX traded today just under $10.

2 Comments:

Blogger sharetipsinfo said...

Hi,
It�s a well know fact that stock market is affected by elections and now Election 2009 are about to begin in some time so for sure they will also have some sort of impact on Indian stock market.
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Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.

So big question is what should day traders and investors do?

Frankly speaking day traders are least concerned about the market they simply follow trend and make maximum out of it. But yes investors should keep there portfolio light till the elections get over.

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Regards
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10:05 PM  
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6:09 PM  

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