We think this is an incredible opportunity to buy stock and get rich.
2008 is currently the second worst year in stock market history. The only worse year is 1931.
Stocks are selling at 30 years low relative to earnings and 50 year highs relative to dividend yields.
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Worst Years in Market History
Since 1925
1931 -43.84%
2008 -37.56% *
1937 -35.34%
1974 -25.90%
1930 -25.12%
2002 -21.98%
* Through close on November 12, 2008
This morning we purchased the following stocks:
Caterpillar
BP
GE
3M
US Bank Corp.
I have also been looking at some of the accounts to add to our positions in Bank of America.
On Thursday we bought some more Citigroup ar $5.11.
I don't want to be in too much of a rush, but expect us to buy more stock over the next several weeks.
We expect Washington bail out the auto industry and implement a major stimulus package over the next several months.
We believe that the market will be substantially higher by mid January-early March.
Since 1925
1931 -43.84%
2008 -37.56% *
1937 -35.34%
1974 -25.90%
1930 -25.12%
2002 -21.98%
* Through close on November 12, 2008
This morning we purchased the following stocks:
Caterpillar
BP
GE
3M
US Bank Corp.
I have also been looking at some of the accounts to add to our positions in Bank of America.
On Thursday we bought some more Citigroup ar $5.11.
I don't want to be in too much of a rush, but expect us to buy more stock over the next several weeks.
We expect Washington bail out the auto industry and implement a major stimulus package over the next several months.
We believe that the market will be substantially higher by mid January-early March.
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