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Old 03-14-2009, 10:43 PM   #17
inflames988
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Join Date: Aug 2003
Location: Silicon Valley
Posts: 1,512
you picked a good week to jump in on the investing. I don't think it will hold up though - I'm still all in on CD's for now. One matured last month but I didn't bother to renew - currently CD interest rates are worse then savings accounts. Looks like the fed is trying to push people back into the markets. Obama was pumping stocks from the perspective of a "long-term" investment the other day, but I'm skeptical that we will go anywhere significant over the next year or year and a half. That being said, I dont doubt for a second that select companies will see big gains - anyone who reports good earnings in this economy is going to get some attention. I had my eye on SWHC (Smith & Wesson) but didn't buy in, and there stock popped pretty big the other day with their new earnings report. Oh well, I'm gonna stick this one out from the sidelines
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