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Lulupoopsalot (85.26)

Time to Buy?

Recs

3

November 12, 2012 – Comments (2)

The short answer is yes.  We have clarity.  We have a clear direction in policy.  We know what The Fed will be doing.  We know Europe is still messed up but subtract Greece and it's not looking half as bad as it was in May.  We know a lot of things we didn't know one month ago.  The time to focus on what we do not know is over.  The time to focus on what needs to be done collectively is here.  I believe that for the first time in four years the political climate will allow that to happen.  We actually might come to a consensus on how to govern our economic situation.  If that happens then it's off to the races.  That's why I'm beginnig, for the first time in months, to add new positions to my real life portfolio.  These are all short term buys with a window of one year or less.  I know at this point it's still highly speculative.  However, I'm seeing bargains in this market that I simply cannont pass which is providing me with a bit of confidence.  When you're able to buy companies at or below book value, with dividends, good growth rates, and pratically zero debt then you're foolish not to pull the trigger.  That's exactly what I'm doing here.  Loading up on quality (solid blue chips) first.  Next will come the real specualtion (materials, cyclical, transportation, capital goods, etc.) once the market starts confirming my thesis.  Once again, these are just my thoughts and I'm not always right so please understand this is only my opinion.  Never ever base your investment decisions on just one persons opinion. 

2 Comments – Post Your Own

#1) On November 12, 2012 at 7:34 PM, Valyooo (99.54) wrote:

I disagree.  The only thing money managers care about right now is the fiscal cliff, and we don't have certainty around that yet.  Combine that with a slowing economy and lowered earnings guidance with falling revenue and mountain of debt and a welfare president re-elected, and I don't see any reason to be bullish

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#2) On November 13, 2012 at 1:29 AM, awallejr (79.57) wrote:

Well in the end it is ALWAYS about profits.  If profits grow the market will.

I have my concerns about the Norquist Republicans. They might be delusional and fanatical enough to push this country over the edge.  I think the President really needs to do a heart to heart address to the Country. 

He needs to lay it on the line.  That Grover Norquist has control over many in the Republican party.  That those Republicans simply refuse to compromise.  That they will never pass a law that keeps the tax rate of 98% of the people low unless the rich are included.

This needs to be explained in a candid and straight forward manner.  Because until those Republicans who earn under 100k start to realize that their own party is screwing them in favor of the rich there will be another 4 years of gridlock.  

My prediction:  until the Republicans decide to drop the baloney line of "common ground" and actually engage in COMPROMISE, they will lose the house next election and will be forever a dwindling minority party.

Go ahead you Republican Norquistites, keep following the guy that will take you over the cliff.

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