Fearless Freddies -- Bungee Jumping in New Economy (WSJ)

A very inreresting article. For those without a subscription to WSJ, here's a copy that I saved:

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Two paragraphs follow:

In these uncertain times, most people are seeking protection and safety from the prospect of even more economic turbulence. But another group is going bungee-jumping into the middle of the financial crisis

-- bravely increasing their investments even as the markets and the financial system collapse and gloomy predictions abound.

These "Fearless Freddies" are the ones who had the stomach to invest in Citigroup when its share price dipped below a dollar. They are the ones buying oil (and oil stocks) as it hits new lows. They are down in Florida looking for condos and checking out the foreclosures. They are either the smartest people in this changed economy -- or the dumbest.

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Reply to
Igor Chudov
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Just to be a bit different things look like business as usual to me :-) Some houses in my area are overpriced, some are underpriced, some are priced fairly. One must be able to differentiate between them. Some companies reported increased EPS, and are trading at the same PE as some companies whose EPS fell. Some companies *increased* their dividends, this past quarter, and their stock price dropped. Some cut, and their stock increased.

Life is a big "go figure" ... what can I say!?:-) I know I'm not the smartest, I hope I'm not the dumbest. To me it's not fearlessness - it's looking.

Reply to
dapperdobbs

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