Comments on: Ben Stein And I Explain Why I Just Bought Stocks Today, Even With Stocks Down 5% In The Last Week http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/ Simple, applicable personal finance advice for the modern world Fri, 10 Feb 2012 11:47:21 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jim Lippard http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9237 Jim Lippard Tue, 06 Mar 2007 16:19:01 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9237 "There’s nothing that concretely indicates that there’s something wrong in the economy right now." Except for the <a HREF="http://www.treasury.gov/offices/domestic-finance/debt-management/interest-rate/yield.shtml" rel="nofollow">inverted yield curve</A> and the collapsing housing bubble. I'd say there's an excellent chance of a U.S. recession in 2007. On the housing bubble front, subprime mortgage companies are going under right and left and there are <a HREF="http://lippard.blogspot.com/2007/03/lawsuits-against-mortgage-fraud.html" rel="nofollow">lawsuits beginning to fly</A> over massive mortgage fraud that's been occurring unchecked for the last 3-4 years. And we haven't yet seen the majority of recent ARMs begin to reset. Arizona's Maricopa County (which includes metropolitan Phoenix) is seeing <a HREF="http://lippard.blogspot.com/2007/03/phoenix-foreclosure-update.html" rel="nofollow">a surge in notices of trustee's sales</A>, which are a leading indicator of foreclosure activity. On the other hand, I do agree that this recent correction has provided some buying opportunities. “There’s nothing that concretely indicates that there’s something wrong in the economy right now.”

Except for the inverted yield curve and the collapsing housing bubble. I’d say there’s an excellent chance of a U.S. recession in 2007.

On the housing bubble front, subprime mortgage companies are going under right and left and there are lawsuits beginning to fly over massive mortgage fraud that’s been occurring unchecked for the last 3-4 years. And we haven’t yet seen the majority of recent ARMs begin to reset. Arizona’s Maricopa County (which includes metropolitan Phoenix) is seeing a surge in notices of trustee’s sales, which are a leading indicator of foreclosure activity.

On the other hand, I do agree that this recent correction has provided some buying opportunities.

]]> By: Sean http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9228 Sean Tue, 06 Mar 2007 14:34:42 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9228 plonkee, You and I are doing the same thing and thinking the same way. plonkee,

You and I are doing the same thing and thinking the same way.

]]> By: plonkee http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9205 plonkee Tue, 06 Mar 2007 09:06:49 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9205 I don't know anything much about this, but since I'm in it for the long term I just buy when I can afford to buy (generally after I get paid) and then eventually I'll sell when I need to sell. Hopefully, I'm not doing something hideously wrong. I don’t know anything much about this, but since I’m in it for the long term I just buy when I can afford to buy (generally after I get paid) and then eventually I’ll sell when I need to sell.

Hopefully, I’m not doing something hideously wrong.

]]> By: Christian Finance http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9176 Christian Finance Tue, 06 Mar 2007 04:08:04 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9176 I thought the same thing: stocks are on sale this past week! I'm buying! I thought the same thing: stocks are on sale this past week! I’m buying!

]]> By: Rich Slick http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9160 Rich Slick Tue, 06 Mar 2007 00:50:40 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9160 Rather than wait for the market to go up or down so you can buy, just learn to make money when the market is up OR down. It can be done. Rather than wait for the market to go up or down so you can buy, just learn to make money when the market is up OR down. It can be done.

]]> By: Trent http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9136 Trent Mon, 05 Mar 2007 22:33:31 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9136 Lazy Man: I think the general philosophy is to sell when you need to sell, not based on what others do. Lazy Man: I think the general philosophy is to sell when you need to sell, not based on what others do.

]]> By: Lazy Man and Money http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9135 Lazy Man and Money Mon, 05 Mar 2007 22:30:23 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9135 I think it's interesting that everyone always says to buy when others are selling, but while the Dow was enjoying new all-time highs for a couple of months, I didn't hear everyone say "sell because others are buying." Because you don't hear that side of things, we are reduced to always buying. I think it’s interesting that everyone always says to buy when others are selling, but while the Dow was enjoying new all-time highs for a couple of months, I didn’t hear everyone say “sell because others are buying.” Because you don’t hear that side of things, we are reduced to always buying.

]]> By: jake http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/comment-page-1/#comment-9133 jake Mon, 05 Mar 2007 21:46:41 +0000 http://www.thesimpledollar.com/2007/03/05/ben-stein-and-i-explain-why-i-just-bought-stocks-today-even-with-stocks-down-5-in-the-last-week/#comment-9133 Lately I've been itching to buy stocks, specifically tech stocks like AMD. I've been following AMD and its at some of its lowest points. AMD is a company that wont be going out of business anytime soon so it will rebound eventually, this low has got me to really think about buying in and riding the rebound. Lately I’ve been itching to buy stocks, specifically tech stocks like AMD. I’ve been following AMD and its at some of its lowest points. AMD is a company that wont be going out of business anytime soon so it will rebound eventually, this low has got me to really think about buying in and riding the rebound.

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