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is now a good time to buy shares?

  • 19-02-2008 9:39am
    #1
    Filan
    Closed Accounts Posts: 703 ✭✭✭


    Stocks, in particular the banks have fallen so much this year alone....do others think it could be a good time to buy?.

    Thanks
    A


Comments

  • #2
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    plenty of people think it is a good time to buy stocks, but i personally think that the market could be on a dead cat bounce, as in a bounce followed by a steeper fall. if youre planning to hold stocks long term, it is probably imo a good time to buy. search for the anglo irish bank thread for some discussion on value in irish financials

    ps if me and you KNEW it was a good time to buy, i wouldnt be in work now!


  • #3
    shnaek
    Registered Users, Registered Users 2 Posts: 1,179 ✭✭✭shnaek


    It is impossible to know - but an article in the times today saying that property developers here owe the banks a 100 BILLION wouldn't inspire confidence!


  • #4
    Afuera
    Closed Accounts Posts: 619 ✭✭✭Afuera


    shnaek wrote: »
    It is impossible to know - but an article in the times today saying that property developers here owe the banks a 100 BILLION wouldn't inspire confidence!
    I think the most worrying thing to come out of that article is the fact that 80% of all business loans last year were for property related industries. The banks look cheap now because the p/e ratios are based on last years results. The big question is what are next years earnings likely to be?


  • #5
    kincsem
    Closed Accounts Posts: 4,013 ✭✭✭kincsem


    No. We could be on the edge of a major recession. I am waiting for a year or two. I have cash in my Etrade account and will wait for the right time. Buy when they are giving away great companies.


  • #6
    dewsbury
    Registered Users, Registered Users 2 Posts: 441 ✭✭dewsbury


    Buying shares can be heavily influenced by exchange rates.

    USA shares dropped another 2.5% today.
    US dollar at an all time low.

    One could do worse than buy US shares....

    Unfortunately I did buy some last year and they are almost 30% down now. I am considering buying more now to help offset my losses...


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  • #7
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    dewsbury wrote: »
    Buying shares can be heavily influenced by exchange rates.

    USA shares dropped another 2.5% today.
    US dollar at an all time low.

    One could do worse than buy US shares....

    Unfortunately I did buy some last year and they are almost 30% down now. I am considering buying more now to help offset my losses...

    WOW! in trading one of the carnal rules is doubling down, i.e. throwing good money after bad. although im sure youre an investor so different rules apply. your exposed to adoulbe risk of currency fluctuations and asset fluctuations, so be careful.


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