6 ms·
Apple stock plunging, Google stock diving, Yahoo stock melting
- astine 18y agoGee, I'm glad I'm not in that business... Oh wait. On the other hand. The time to buy is coming soon.
- davidw 18y agoYes, of course it is. The whole stock market is.
- jmatt 18y agoNot the whole stock market. Berkshire Hathaway is holding up well. http://finance.google.com/finance?q=NYSE%3ABRK.A http://finance.google.com/finance?q=NYSE%3ABRK.A http://finance.google.com/finance?q=NYSE%3ABRK.B http://finance.google.com/finance?q=NYSE%3ABRK.B
- elai 18y agoAnd gold ;) http://finance.google.com/finance?q=NYSE%3AGLD http://finance.google.com/finance?q=NYSE%3AGLD
- known 18y agoAnd Stock Markets are Inversely Proportional to Gold.
- steveplace 18y agoSort of. The more interesting trade is long GLD short USO (oil). Bit of a decoupling in commodities.
- biohacker42 18y agoThe recession will reduce demand for oil, the Fed's attempt to get us out of the recession by inflating the currency is making money flee into gold. The lesson is, you can't push a string, you can not force the smart people who kept their cash out of stupid investments to spend it before the market bottoms. You can create inflation but that will just force them into gold and that helps no one.
- biohacker42 18y agoAdwords spending will be reduced during a recession, so what? It's not going away.
- josefresco 18y agoOn a related note, I increased my client's daily spending limit with Google AdWords 10% today.
- run4yourlives 18y agoBuy! Buy! Buy!
- steveplace 18y agoNah. Sell puts.
- huhtenberg 18y agoApple is effectively a luxury item vendor, and they may end up getting hit by a recession far more seriously than other tech companies.
- noor420 18y agoApple dropped like 20% in just one day today.
- laut 18y agoNot luxury for everyone. A lot of people use Macs for work and will only buy Macs if they need another computer.
- mattmaroon 18y agoBut businesses that are having a hard time getting credit now will be asking themselves "do I really NEED to buy new computers?" Anyone dependent on Macs already has them.
- fallentimes 18y agoGood. Google's P/E is less than 25...and they're a growth company. I can't wait to slowly start buying (weighted average cost please) some of these money earning stocks over the next few months (value, growth, everything). This is why you invest for the long-term and always diversify. If you have some extra money outside your emergency fund lying around, dump it in to a Roth IRA (Vanguard & Fidelity are excellent) and slowly start buying.
- shedd 18y agoCertainly - for the long term, this is a buyer's market. Since it's too hard to predict when the bottom will hit, dollar cost averaging is a good strategy.
- samwise 18y agoalso as the dollar become inflated holding, i would rather hold shares than currency. i would also get my hands on some GLD
- mattmaroon 18y agoIs Google a growth company anymore? Where do you see their growth coming from? They're looking fairly mature these days.
- fallentimes 18y agoMobile.
- mattmaroon 18y agoI'm not sure how much that's growth vs. shifting from one place to another. But even still, you'd have to expect a pretty large explosion in the near term, and assume that it was highly-monetizeable for that alone to make them a growth company.
- fallentimes 18y ago
- deleted 18y ago[deleted]
- metatronscube 18y agoThey will all be back up before long....hopefully..But in the meantime I second run4yourlives 'buy buy buy' remark!
- jfoutz 18y agoSeems sensationalist. If you look closely, the dow was down 7%. aapl's beta is 2.37, so we'd expect apple to fall 17%. goog's is 2.07 for 14.5%. yhoo's 1.19 gives 8% since the market lost so much money last night, how badly are the tech giants fairing against expectation? aapl:-4% goog: 3% yhoo:-3% so, either Oh NOES! teh sky is falling! or tech stocks are more sensitive to market activity.
- vaksel 18y agois there a stock that actually goes up when the whole market crashes?
- fortes 18y agoVarious ETFs. Start with SDS