Time for Platitudes and Saws

You know it had to happen. I heard an analyst on CNBC this morning talking about what a great time it is to buy in the market now. Of course you have the ability to continue to lose lots of money even though some stocks are cheap. AAPL is down 20 from when I bought it, and it is a great company with great products. I don't see it hitting 200 anytime soon.

CNNMoney.com Provides List of Stock Winners and Losers for 2007

CNNMoney.com provides here a list of 2007 Winners and Losers. Coming in on top for the year were energy and gold stocks. Apple and Amazon did well for tech stocks. Not surprisingly, the financials did the worst with E*Trade coming in last.

Silly Blog Post about Builders

This is the "realty industry" blog on CNBC. There is no description of Ms. Olick's background, but she is probably a realtor. Anyway, she says part of the downturn can be traced to basically the builder's greed, but the backlash they are getting is not really deserved. I haven't seen or heard of any of the behavior that some builders are complaining about, so I can't verify it. I know that during the boom in Northern Virginia, which is when I bought, the builders could be pains-in-the-ass. There was one fancy development near me that would put a section on sale only after the other had completely sold out. This meant that people would line up as if they were trying to get a Wii or tickets for Hannah Montana. Then they would charge outrageous lot deposits. They are now surprised that people are trying to take advantage of the situation? Anyway, see Builders Feeling Wrath Of Buyers: Do They Deserve It?

Stock Market

It is a good thing that I am young and can ride out days like these. Of course, the market is up about 20% over the last two years so you cannot really complain. People will, though. I guess it is good that I am in defense and select tech stocks, and not financials.

See from Excite Money & Investing:

Stocks Plunge; Dow Drops More Than 360