Who is buying stock now that the market is in the shitter?

[digimon7068]

the things i like (ishares s&p 500, ishares morningstar large core, kinder morgan partners, corning glass, etc.) are still over-priced (for the long haul) imho...so i'm gonna sit tight for a bit before i buy anything again.

 

[samoth]

I had a buy for WNR at 13 that didn't get triggered.

There's quite a bit of uncertainty, and I'm not fully aware of the Europe situation, so I'm just watching how things get played out.

Refiners got hit hard for 20-30% losses in the past week, with the crack spread still above 30. Many companies hedged the spread earlier this spring, so they should be seeing healthy profits through '11 and '12 whether oil's at 60 or 120.

US futures are down half a percent or more right now, and a US debt downgrade on top of everything else won't be something that we bounce back to 13k on.

 

[PICK3]

knot looking at my 401k

 

[miplank]

Loololololol

 

[MsBeverlyHills]

i already bought short so now Im making a sh1tload of $$$$

lol

 

[lartinos]

I would only seriously start to think to jump in If it fell further.

 

[Peterlumberjack]

brk.b after they get downgraded. xom, bp and maybe bac, ge.

 

[canadianhitman]

I may use the opportunity to buy some more Altria if the price is right. It will have to drop further for it to be very attractive in this market though, even at 6.19% div.

 

[75th]

I'll probably look at shorting treasurys. Rates right now are ridiculously low. PST probably.

 

[Lumberg]

i already bought short so now Im making a sh1tload of $$$$

lol

>buying short