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Buy When There's Blood In The Streets

TedTed
edited April 2017 in Fund Discussions
FYI: (One you can buy WFC and UAL for long-term appreciation , or two you can continue as some MFO Members have, beating their moral chests by criticizing both companies with more negative posts.)

Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that: "The time to buy is when there's blood in the streets."

He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that's not the whole story. The original quote is believed to be: "Buy when there's blood in the streets, even if the blood is your own."

Read more: Buy When There's Blood In The Streets http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp#ixzz4e2dPzEjy
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Regards,
Ted
http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

Comments

  • LewisBraham
    edited April 2017
    Umm, UAL doesn't have much blood on it. The stock is up 27% annualized over the last five years and is close to its five year high. It's no bargain anymore. You could make a better case for WFC, although it too is only about 11% below its five-year high. So regardless of anyone "beating their moral chests," these stocks ain't cheap.
  • Old_Skeet
    edited April 2017
    By my math the S&P 500 Index is down form its 52 week closing high by about 2.1%. I'm thinking we have a ways to go before blood strats running in the streets with margin calls that investors can't meet and their positions get sold out. Today Old_Skeets market barometer closed the day with a reading of 145. With this, the barometer is reflecting that the Index is currrently overvalued by about 3%. Still aways to go before the dip becomes a pullback that possibly leads into a correction.

    And, so it goes ...
  • davidrmorandavidrmoran
    Lolz. Being called a moral chest-beater for finding fault with a dirtbag cheat shop like WF is beyond droll, triply so from someone who posts tough-guy video clips and such. Made my evening, humorwise.
  • TedTed
    @davidmoran: Every barrel has a few rotten apples, don't condemn thousands of fine people working for WFC as dirtbags. Are you a dirtbag ?
    Regards,
    Ted
  • davidrmorandavidrmoran
    Wait, aren't we talking about a company, and a stock? Besides, Citizens United shows that companies are people too. Also, it was policy. A 'few', haha. Do you think the fines and penalties are for a few? Perhaps that big explosion has you confused.
  • Graust
    I would posit TGT and some of the mall/retail REITs (WPG and CBL on the high risk side, as well as SKT, KIM on the lower risk side) as examples of "buy when blood is in the streets." Also QCOM, which recently raised its dividend 7.5% (and forward yield over 4%), with its legal problems.

    Aside: "Old tech" may be one of the next places to look for continued good dividend growth stocks.
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