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| re: Stock market Monday after French & Greek elections Just asking Russian or anyone else's opinion. I'd like to do some dollar cost averaging. I'm wondering if these votes will lead to stopping the can that keeps getting kicked down the road. If they stop kicking the can, then will things get brutal? Reply • Back to Top |
quote: I am not nearly as qualified as other posters, but the point of cost averaging is you aren't waiting or guessing on what the market will do. You "blindly" add to your positions at a predetermined time so that when sometimes you make a "mistake" it is averaged out by when you didn't, since the market is "unpredictable" to the average investor. You waiting on this kicking can according to DCA theory is only hurting you as I understand the theory. There are those that modify this theory a bit, by looking at the market when their timeframe to add to their position comes up. If you know something bad is gonna happen that will negatively affect markets (how you know that, who knows), then obviously it would be dumb to add to bad positions when you clearly know they are about to get trounced. People also use 2007 as an example. There were a lot of DCAers who just said, "this market is obviously fricked" and got out against the theory and benefitted from it. But how often will it be so obvious in DCA theory? This post was edited on 5/7 at 1:52 pm Reply • Back to Top |
quote: It'll take a lot more than these elections to reverse that process. It depends on your region. In Europe the sheer size of some of these financial institutions, mixed with the type of relationship they have with regulators, mixed with the amount of entitlement programs that, to exist, require strong growth makes a scenario that the best you can hope for is a slow bleeding. The US is in better shape relatively, in that we can still adjust policy (big assumption) at this point and avoid the huge "fiscal cliff" that is being talked about. We are running out of time, right now we can avoid an immediate austerity shock and spread it out with other regulatory reform that can avoid this. Regardless I think the end result is that there will probably not be any single point in time I think you are alluding to that shell shocks the market. Any event will be curved rather than linear, kinked if you will. Reply • Back to Top |
quote:I honestly have no idea what Europe is going to do.....or the U.S. for that matter. Sorry. Reply • Back to Top |
quote: quote: Obviously Reply • Back to Top |
| It's continuing today. Reply • Back to Top |
| The carnage continues today. Dow futures are down triple digits and S&P futures are down 15 points. Reply • Back to Top |
| These are the days when it's good to be an "oblivious investor". Reply • Back to Top |
quote: Great time to buy a great stock on the cheap. It's amazing that these stocks without any European exposure go down. I ain't worried about it. My portfolio is doin hella good. And like I said, this is making a good buying time for myself on some other stocks Reply • Back to Top |
quote: 10 minutes in and already having one of my worst days  Reply • Back to Top |
| My heavy REIT allocation has been doing great things for me recently. Reply • Back to Top |
| S&P is down a "carnage" inducing 3 entire percentage points since the close Friday, with half of that being the current intra-day. Oh the humanity. Reply • Back to Top |
| BP is almost at the point again for me to purchase. I continue to be amazed at the illogical (IMO) risk holding this stock down. I mean a 5 P/E for a big oil stock just seems absurd. It's not like their reserves are going to run out in a few years. Reply • Back to Top |
quote: I'm really close to pulling the trigger. Reply • Back to Top |
| On an earnings basis its low, but on an EV/EBITDA it looks about in line. Below XOM, right in line with RDS though. Reply • Back to Top |
quote: Is the better way to value BP. The major hit in book value they took makes P/E skewed. Reply • Back to Top |
quote: which website has this comparison? can't find it on google/finance Reply • Back to Top |
quote: What you talking bout Flask? Not sure how the book value is affecting P/E in the first place, but BV is up $25B since Q4 2010. C, I'm not sure what sites might display it, but you should be able to find EV (Enterprise Value) and EBITDA pretty much anywhere. Just divide one by the other. Numbers might not be 100% correct and rarely are, but its close enough more likely than not. Bizarrely enough BP's forward P/E is higher than their trailing P/E. Reply • Back to Top |
| The playbook the last couple of days has been to tank the futures overnight; down in the open and improving around the European close. Market generally off the lows midday and then more selling into the close. It works until it don't. Reply • Back to Top • Refresh |
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