dionysus said:I am now at 1.7x exposure to the stock market in my trading account. Scary but I love the rush.
Deku Tree said:How does mint.com make money?
I use Bank of America's My Portfolio service to look at my investments, cash flow, etc. But it is not the greatest way to view investments...
Also Fidelity has a "Full View" thing, but I don't think it draws cool charts like the ones you posted...
But it is a step down play.sonarrat said:It's all rushing to my head at the moment.
I'm thinking of shorting Wal-Mart. They keep outperforming the stock market, but I don't think that will continue. I think they'll fall hard as more and more people run out of money.
RotBot said:Does anyone use an accounts aggregator website? I've been using mint.com, which recently added an investments tab with some pretty nice charts. Now I don't need to go separatly to 4 different sites to see how much money I'm losing.
Nintendo Co. and Sony Corp. lost 4 percent on concern demand is slumping in North America, where the companies get at least a quarter of their sales. Japanese insurers tumbled the most since 1987, led by Tokio Marine Holdings Inc., after they slashed profit forecasts as investment values declined. Rio Tinto Group plunged 9.8 percent after commodities prices dropped.
``It's the end of the world as we know it,'' said Raymond Tang, who oversees $5.8 billion as chief investment officer at CIMB-Principal Asset Management Bhd., a unit of Malaysia's second-biggest bank. The economic slump is ``the worst I've seen on a global scale, with no region to help each other,'' he said.
Over 100 U.S. "blue chips" now selling for under $10 a share
NEW YORK (Reuters) - One hundred and one.
No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share.
In fact, $10 would get you 10 shares of online broker E*Trade (ETFC.O: Quote, Profile, Research, Stock Buzz), now the cheapest stock in the index at 98 cents a share. At the other end of this low-ball spectrum you can get a small slice of the garbage business with a share of Allied Waste (AW.N: Quote, Profile, Research, Stock Buzz) at $9.90.
In between lies a raft of household names, many formerly held up as blue chips, including Citigroup (C.N: Quote, Profile, Research, Stock Buzz) ($6.40), Alcoa (AA.N: Quote, Profile, Research, Stock Buzz) ($8.16), Xerox (XRX.N: Quote, Profile, Research, Stock Buzz) ($5.58), Motorola (MOT.N: Quote, Profile, Research, Stock Buzz) ($3.44), Starbucks (SBUX.O: Quote, Profile, Research, Stock Buzz) ($7.97) and Yahoo (YHOO.O: Quote, Profile, Research, Stock Buzz) ($9.14), not to mention beleaguered automakers Ford Motor (F.N: Quote, Profile, Research, Stock Buzz) ($1.26) and General Motors (GM.N: Quote, Profile, Research, Stock Buzz) ($2.79).
In all, the group makes up the greatest number of sub-$10 stocks in the index in at least 28 years, said Howard Silverblatt, senior index analyst at Standard & Poor's.
In fact, Silverblatt said it could be the most in the post-World-War II era, though he cautioned that his data reaches only as far back as 1980.
"This is definitely unusual," he said. "I think you'd have to go back as far as the 1940s, when $10 was worth more to see a similar number," he said.
According to S&P data, 101 is almost double the 59 companies with share prices below $10 in October 2001 when the dotcom meltdown was in full swing and almost triple the 35 sub-$10 stocks in October 1987.
Ten dollars is more than just a psychological barrier. Some institutional investors cannot invest in shares below $10 and some bond contracts require companies above that level.
Some other gloomy facts: only five S&P 500 companies had share prices of more than $100 on Wednesday.
So far this year, the S&P 500 has plunged 45 percent. It is now worth just over $7 trillion, the index's lowest collective market value in 11 years.
Twenty-five stocks, or five percent of the index, don't make the $1 billion mark in market cap, and just 11 exceed the $100 billion level.
In fact, a third of the entire index is not even qualified to be in the index -- 186 stocks have market caps under $4 billion, the minimum value for consideration for S&P 500 membership.
So far this year, the S&P 500 has plunged 45 percent. It is now worth just over $7 trillion, the index's lowest collective market value in 11 years.
Twenty-five stocks, or five percent of the index, don't make the $1 billion mark in market cap, and just 11 exceed the $100 billion level.
Deku Tree said:Buffet's 5B investment in GS is now worth about 2.2B. GS is at their lowest share price since they went public almost 10 years ago.
Deku Tree said:Buffet's 5B investment in GS is now worth about 2.2B. GS is at their lowest share price since they went public almost 10 years ago.
Synth_floyd said:That can't be! Buffet is god. Reminds me of an old news clip from 2007 with Peter Schiff and some other pundits (including Ben Stein). They were all saying to buy financials. Stein himself said that GS was a bargain. Schiff said all the financials were toxic and to buy hard assets. Not directly related to the WB thing but shows how the conventional wisdom is wrong.
Deku Tree said:GM Tumbles to Lowest Price Per Share Since the 1930s...
Meanwhile their CEO is spending $20,000 per trip to fly a private plane to Washington to ask for a bail out loan...
Something to definitely follow.sonarrat said:Anyone get in on GM below $2? If so, you just make a fucking killing.
lil smoke said:Something to definitely follow.
sonarrat said:Anyone get in on GM below $2? If so, you just make a fucking killing.
Deku Tree said:Apparently Mint.com buys their software from a competitor, Yodlee MoneyCenter.
Wonder if they are better...
Deku Tree said:The entire value of the 2002-2007 bull market has been erased and then gone down some more...
To put it another way . . . the Dow is like 1000 points below where it was when Bush came into office in 2001.Deku Tree said:The entire value of the 2002-2007 bull market has been erased and then gone down some more...
XiaNaphryz said:I took a quick peek at my 401k, it's down over 45% for the year, over $10k in market value lost.
I'm only 30 so I'm not too worried about it, but seeing that definitely hit me inside a bit. I still have a good 75% of my 401k focused on stocks, with most of the rest in bonds. I shouldn't need to worry about reallocating anything, right? I probably won't touch any of this for at least another 25+ years.
lil smoke said:At some point you almost HAVE to keep buying, to hedge off stocks bought when we thought the bottom had happened.
Soka said:Every day I keep thinking I should buy GE, and every day it drops in price more and more. Glad I didn't buy in at 19 like I'd first considered.
Come on though, seriously, how much more can GE fall? This is getting insane and really just far too attractive to pass up anymore.
You can say that for just about any stock on the market these days. There are just tons of stocks that seem insanely cheap when using the valuation standards of just a few months ago. The valuation standards have changed massively. There are many stocks selling at prices that are less than the amount of cash they have per share!Soka said:Every day I keep thinking I should buy GE, and every day it drops in price more and more. Glad I didn't buy in at 19 like I'd first considered.
Come on though, seriously, how much more can GE fall? This is getting insane and really just far too attractive to pass up anymore.
speculawyer said:You can say that for just about any stock on the market these days. There are just tons of stocks that seem insanely cheap when using the valuation standards of just a few months ago. The valuation standards have changed massively. There are many stocks selling at prices that are less than the amount of cash they have per share!
Soka said:Yeah, rational investing has gone out the window and fear has taken over. I guess it's working on me too, though, seeing as how I'd have already bought into GE (for example) multiple times now if I wasn't afraid of it still falling. I still think that, by the time I retire, any money I put into the market now will pay off heavily. Of course, it helps I have some 40+ years before I'll reach the standard age of retirement, so I have time to wait it out. :lol
dionysus said:A CEOs time, even one of a struggling company, is probably worth about $50,000/hr if not much more.
GUYS!lil smoke said:How come some stocks now have a minimum 100 shares to order?
Try not to differentiate between the two too much. It's a common fallacy and an easy way to lose money.Cloudy said:A lot of this is folks taking their money out as opposed to just losses, right? I hope lol