ALeperMessiah said:
I was in earlier this year 4700 but got out around 4300 a few months later. I'd like to jump back in anywhere under 4000. Can't go wrong (long-term) with Buffet.
Sure you can go wrong, if you bought in May 1998 you would have waited 5 years just to make your money back.
Illuminati said:
I wouldn't touch any company that is in the financial industry with a 100ft pole, but other sectors have no reason not to recover what they lost over the past week.
Why not? We could stagnate for 10 years for all we know. Nothing is certain whatsoever.
And the car companies that will do well are those that invest in public transport vehicles and those that invest the most in "smart" cars. It's all about reducing energy consumption. Don't ever invest in company that isn't 100% committed to quality. Most businesses in general are very short-term-gains-oriented, and that is never good.
The future can only be one of better distributed wealth, so think about what kind of businesses would do well where the idea of having a giant truck, a big pool in the backyard, etc., are going to be rare.
EDIT: And I don't trust Tata to some extent, their purchase of the Jaguar and Land Rover brand is ridiculous. Might be a good deal in some people's eyes, but I think it's a sign that the management is thinking short term. Anything except public transport and smart cars are going to be a thing of the past in the near future.