Really…I don’t mind suffering with a plain old tube…

It’s much more fun to play with Other People’s Money.

People won’t, but I expect the next Congress to decide that they need to “invest” heavily in infrastructure. I would expect a major expansion in highway funding (with the usual crap for sidewalks and bike paths), as well as some kind of energy infrastructure upgrade. I would love to find a beaten down aggregate company with a strong balance sheet, or something that is a pure play on nuclear.

And I still think there’s an opportunity to short some of the retailers for another 15-25%. How many people are really going to be shopping at Bed, Bath, and Beyond? Doesn’t everyone already have a flat screen from Best Buy by now?

Must be nice having cash to play in the market with.

By JAY

October 7, 2008 12:00 PM | Link to this

IF HE CAN FORCAST THE FUTURE BY SAYING A YES VOTE WOULD BEAT A DEPRESSION, THEN HE SHOULD HAVE BEEN ABLE TO STOP FANNIE & MAC FROM THEIR MELT DOWN.CHAMBLISS HAS BECOME JUST ANOTHER CLOSET SOCIALIST.HE ALSO SAID HE VOTED YES TO SAVE WALL STREET, I HAD NO IDEA THAT WALL STREET PUT HIM IN OFFICE. HE & JOE [STAND UO CHUCK] BIDEN MUST HAVE THE SAME DNA——-

I am in agreement with Wavy. NO alternative from Paulson or Bush was considered.

My suggestion is to invest in things that are not discretionary. In a recession, people aren’t going to upgrade infrastructure and expand capacity. Consumers are going to cut back on nice restaurants and gadgets. However, people may increase visits to lower end restaurants (at the expense of the higher end one) and will continue to purchase the staples.

When the market as a whole takes a hit, I think those types of investments will recover first.

Dollar cost averaging should be O.K. here, but there’s more bad news to come, and October is traditionally a horrible month for stocks anyway.

I think there’s another 10-15% baked in on the downside. There are far too many retailers who haven’t taken the hit that they need yet. I’m hoping we’re closer to the bottom than not, but I’m not yet willing to bet on it.

Of course, if anyone wants to share contra-suggestions or investment themes, I’m all ears. Given the number of “Saxby has problems” threads we have up, I think we can get a pass on the threadjack.

If you buy an index fund today and the market returns to what it was 1 year ago, you would make 40%. Not a bad turnaround.

In any event, I would buy now, and have bought. I was totally in cash so I lost nothing. Now I am buying back in a little at a time.

I must give Marshall credit; he does what he wants and if the voters don’t like it Goddard will be picking out drapes.

If the new voters in Macon, Tifton and Covington realized that Marshall was not for Obama, it would be curtains.

My point was – the bailout apparently didn’t fix everything! Or… possible anything!

Oh and they are blaming our drop on the foreign markets who are blaming their drop on fear of what’s going on in the US markets…

What happened to a free market society? And hasn’t anyone in this country taken an econ class?!?!

BTW, I would invest in a heartbeat if I had the money!

So the stock market went down 777 because the House failed to pass the plan, then it went up the next day by about 400 because obviously the investors thought the Senate would act. Then the market goes down another 400 because of “bad economic news”, bad economic news that apparently had nothing to do with the Senate passing it.

I wonder what the MSM is going to credit this loss to? Naysaying about the Great Fix Everything Plan of 2008?

Why is it that now this turkey passed, all of the new outlets are running stories about how ineffectual it will be?