Black Friday Bargains

[Dos Equis]

Selling panic today is opening up some serious bargains. Hedge funds are dumping out in full panic. 40% of them will be gone by the end of the year.

I'm not stock trolling - but seriously, open up Yahoo Finance and look at some of the companies you think will fare well in the next few years. I won't even name industries, don't want to pander. But just *LOOK*.

My opinion - and you can hold me to this in the weeks and months to come - the floor is here.

[Nwbie]

Pfizer fell $.41 or 2.4 percent, to $16.69.


I threw a few nickels at this one

[Fulmar]

I remember back in H.S. in our stock market game, my dad (pharmacist) suggested buying stock in Pfizer circa 1998 for a new drug coming out.  So I did and I took top prize that year, thanks to Viagra I rose to the occasional.

[humble]

Actually your not even close IMO. We're barely going down yet and a long long way from the bottom. It's been a good market for day trading and there are short term opportunities for sure but the elevator is going down down DOWN. While it would be imprudent to try and draw comparisons to the depression few people realize that the market regained 74% of its value AFTER the crash and before the onset of the depression. The actual underlying linkage between the market and economic productivity is not fully understood but the reality is that productivity is getting worse and the 4th quarter numbers are going to be worse. This is being compunded by the continued and unstoppable deleveraging that HAS to occur.

This is why the various bailouts were wrong and why the talk of new ones is potentially horrific. None of them are actually targeting the rebound only the landing...which they artificially delay and compound. Obviously the market will fluctuate as smart money enters and elaves on short term positions but overall we have way to much left to flush out still. The real fear driving the market today is the reality that the euro might collapse. While the dollar is doing well vs the euro the real push is to the yen not for growth but because its viewed as the most collapsed major currency with the lowest down side. Rumblings are that we're going to see a major government default on debts in Europe (not sure who) by year end...basically breaking up the euro. Even gold is tanking in a major way...

Before you get any real growth you'll need to find the real bottom which is still at least 20% or more down from today...

[Eagler]

the governments haven't stopped screwing with the free markets - the bargains today will be shorted tomorrow - we have a ways to go to hit bottom .. all the gov interaction is only slowing the drop not preventing it

...and the bottom partially depends on which socialist wins in Nov

[Nwbie]

don't disagree that it probaby isnt the bottom, but I totally believe that Pfizer stock will end up back around 60 to 80 per share eventually, I don't care if it goes down to 5, it is the long haul on it for me.

[humble]

I dont disagree in principle at all. My question with regard to any pharmaceutical firm is the artificial pricing in the US market compared to average global pricing. Given the current realities I think you'll see major changes in how we treat prescription drug pricing here in the US...a very overdo issue IMO.