Saturday, June 13, 2009

I found this blog post:

http://www.moneyyoung.com/2009/05/12/buy-low/

and thought it was a great perspective compared with what the national media has thrown in our faces with the economy lately. I think it would be amazing if people started hearing this... and did what it actually said and bought low. It would drive the prices up (which would help the people who bought low even more!) and the nay-sayers wouldn't be able to say nay anymore because one of their all-hell-is-breaking-loose barometers is saying that hell is nicely reined-in, thank you very much!

I thought about this a few months ago with Walgreens stock... it was at about $22... It has jumped back up to over $31. That's a 41% return in about 3 months. I didn't make the move because I'd like to keep the two pennies that I managed to scrounge up to scrape together (helps the boys go to sleep)... but it seems like there's money to be made right now. Walgreens sure isn't going to go away... and this "downturn" isn't going to last forever (well, unless the government makes decisions that PREVENT us from being able to recover natually...).

9 comments:

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Stuart said...

Like your post regarding the economy. If you haven't already, you need to check out the Wednesday, July 8 article in Wall Street Journal Sports. It talks about since the unemployment level is so high, marathons as well as other races are seeing a record number of participants. I suspect the 5K I'm going to be running in early August (Best of the Boardrooms Virtual 5K) to be very packed. Here's a link to the article.
http://online.wsj.com/article/SB10001424052970204261704574274070492669550.html

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