^^ Let's assume I hate America. Which sectors will go up as a result of those going down?

7/8/2008 3:49:09 PM

i would say to buy American Flags, since all the terrorists will be burning them, and will always need to buy more.

but that would just benefit the Chinese economy, since they're all made there anyhow.

7/8/2008 7:47:41 PM

Hey, petroleum in Brazil is doing great!!



And this, people, is what happens with stock price manipulation:



I would avoid that one.

Oh, and Wachovia is a lol



I actually might buy that one soon. Can't go much lower now can it?


Oh, and here is Enron



BURN BURN BUUUUUUUUUUUUUUUUUUUUUUUUURN!

[Edited on July 8, 2008 at 10:47 PM. Reason : ]

7/8/2008 10:43:56 PM

Wachovia is on a one year graph though. I think all banks probably look something like that.

7/8/2008 10:54:42 PM

ALL ABOARD THE FAIL STOCK!

7/8/2008 11:01:31 PM

I don't care to go to the trouble of posting a graph, but I know Anheuser-Busch has gone up 30% in the past year (because a year ago is when I bought it).

My other primary stock has gone up about the same, but over the past 4 years or so.

I realize that these are probably exceptions to the rule.

7/9/2008 4:01:31 AM

If the total market had no growth, then for every dollar yours went up, then someone else's went down.

Way to go. Thief.

7/9/2008 10:03:04 AM

YOU DRANK MY MILKSHAKE!

7/9/2008 12:56:12 PM

Quote :

"I actually might buy that one soon. Can't go much lower now can it?"

Zero

No but seriously the bottom on WB is determined by what JP Morgan or another bank is willing to pay to acquire them. I am not sure what the rules are on banks being taken over by private equity but numbers wise Wachovia looks like it would be a good target.

7/9/2008 1:21:49 PM

^ Although that's only the case if either:
I) JPM or other decides that WB still has value when they acquire them, or
II) The powers at be decide they are 'too big to fail', and do a Bear Stearns type of deal with a major bank to get the major bank to pick them up.

I'm not sure if WB is 'too big to fail' or not - they seem to be about on the line. In any case even if they are eventually bailed out by a larger bank, it would likely be the case that stock holders get just a few dollar per share at most.

7/9/2008 1:45:29 PM

Longer term view


On one hand, they developed a product that would dramatically improve fuel efficiency in the market. On the other, outsourcing and concerns about the financial viability of their primary customers neutralizes all that.

Still, given that their stock price was at about $30 back in 2004, they're still beating the S&P 500.

7/9/2008 4:57:46 PM