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Old 11-18-2008, 07:46 PM
Canadian Canadian is offline
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Join Date: Jun 2008
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Quote:
Originally Posted by invest View Post
At the moment you are lucky if you still have any money left for investment. I think right now everybody is afraid to buy stocks and to invest in anything. On the other hand the stocks are so cheap now it is time to buy but we are all afraid aren't we?
The stock might look cheap, but this is assuming the companies will have the same earnings next year, which most likely won't be the case. If a stock price is slashed in half, but at the same time earnings go down by 50%, the stock doesn't become more attractive or better priced.
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