MarketVViz

Don't Let Bulk Shippers Sink Your Portfolio... For Now

If you invest while looking in the rear view mirror, you are going to lose money. BAD NEWS (which has barely even begun to be reported by these guys) is the reason these stocks have been decimated. 2009 is going to be bad, especially the next couple quarters. Everyone knows this, hence the almost total implosion of these stocks. You said you were tempted to buy 1 month ago but didn't - and you imply that you were "right" because news got worse. You are an idiot, if you have bought a month ago today, you would have made >50% profit in many of these companies like GNK which you mentioned.

I'm not saying I can see the future, but it would not surprise me to see many stocks of various industries go UP as news gets worse, which in fact has been happening since the Oct 10 DOW low. Then again, maybe we fall into the abyss and the whole world goes to hell in a hand-basket. Who knows? But I think I know which bet is going to make more money. I also know that as global population continues to climb (which has never been in doubt) longer term we are going to need MORE not LESS shipping services.

"If you want to buy low and sell high, first you have to buy low!" --Steven Jon Kaplan

"NOW IS THE TIME TO BUY LOW, ESPECIALLY COMMODITY SHARES (November 9, 2008): It is ironic that the investing public talks about buying low and selling high--but everyone instead likes to buy at multi-decade peaks and is afraid to buy at multi-decade lows. No wonder the vast majority of investors lose money in the stock market even with the strong long-term upward bias for global equities. Meanwhile, corporate insiders were heavy sellers a year ago, and have been equally aggressive buyers in recent weeks. It's hardly surprising that the rich get richer and the poor get poorer.

"The following statement is cynical but true: the financial markets exist to transfer money from the middle classes to the upper classes. Wealthy people train themselves to buy when the media and the public are most gloomy, and to sell when the prevailing sentiment is either euphoric (as in early 2000) or irrationally complacent (as in late 2007)."