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busymom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:51 AM
Original message
So what are good stocks to buy?
Hey....might as well jump right in, right? Any suggestions....
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nyhuskyfan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:51 AM
Response to Original message
1. Ramen Noodles
Who owns those?
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gauguin57 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:12 AM
Response to Reply #1
13. I was going to say Ramen ... and add Campbell's soup (that went up on the day of the 777-point drop!
And maybe liquor. We're all gonna need a LOT of that!
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AllieB Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:52 AM
Response to Original message
2. Right now, I'd sit tight. This isn't even the bottom I bet.
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demokatgurrl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:52 AM
Response to Original message
3. Netflix. And I'm serious. n/t
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C_U_L8R Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:52 AM
Response to Original message
4. I'd buy stock in Obama
he's going up fast
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Justyce Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:53 AM
Response to Original message
5. Campbell's soup, Spam.... bet everyone's stocking up on canned goods about now. nt
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leftofcool Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:53 AM
Response to Original message
6. Melamine
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iiibbb Donating Member (658 posts) Send PM | Profile | Ignore Mon Oct-06-08 09:53 AM
Response to Original message
7. Get into an indexed mutal fund.
Just ride the market.


Surprisingly my health care investments have held pretty steady... but assuming I can get some money together to invest I'm just going to drop it into a indexed IRA.
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:54 AM
Response to Original message
8. These would be best by far
for all of the financial hooligans who have created this mess.
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sharp_stick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:57 AM
Response to Original message
9. Personally
I'm staying out of financials for a bit, that's a little too volatile for my tastes right now. I'm looking a bit more at some pharmaceuticals and staying out of defense. I know it's crass but I bought a bunch of defense related stocks right after shrubbo was appointed by the Supreme Court in 2000 and unfortunately did pretty well with them.

I also think this is a good time to put some money into alternative energy corps.
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RoadRage Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:21 AM
Response to Reply #9
15. Ding Ding Ding.. Alternative Energy...
Definitely the way to go. Anything where both candidates agree is a good bet.. and this is one of them.

And most mutual funds that are diversified.. with some small & large cap, international as well as domestic and small & large sized companies are good. You won't make the most with them because they're safer.. but your portfolio also won't pull an Enron (or a Lehman.. or a Worldcom.. etc.)
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plcdude Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:57 AM
Response to Original message
10. Alternative energy
companies. This will be big in the Obama administration. Check out this I am invested. http://www.valcent.net/s/Home.asp
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Snarkoleptic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:57 AM
Response to Original message
11. Jim Cramer did a bit on MSNBC where he said...
"Whatever money you may need for the next 5-years, please take it out of the stock market right now....".

I realize he's light on credibility, but he's not usually spooked like this.
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Hoyt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:09 AM
Response to Reply #11
12. Another Cramer Recommendation.
I think it was last week, Cramer was saying that he had been looking for "good stocks" to buy/recommend in this sinking market.

He said there weren't many he would even consider. He ended up recommending one (can't remember the name) -- a company that specializes in managing foreclosures, bad debt collections like credit cards, repossessions, etc., for banks and others. That ain't a good sign when those are the only companies a Wall Streeter can find worth pushing.
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olkaz Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:14 AM
Response to Reply #11
14. he's running interference.
The smart guys are buying the whole damn world right now.

If I had more resources, I'd be doing the same. I'm taking what I have and dumping it in.

I'm expecting a 3x-5x return in a few years. Maybe more, especially if Obama is elected.
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lapislzi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:26 AM
Response to Original message
16. I'm going with cookware and Vaseline
cookware so I'll have a pot to piss in.

Vaseline, well...you figure it out.
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hogwyld Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:27 AM
Response to Original message
17. Alcohol and Tobacco
And maybe some food companies like Campbell's, Hormel. People will need to eat cheap, and drown their sorrows with a smoke and a shot.
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