I’ve been thinking of buying some stocks. I usually only buy mutual funds. But. I’m tempted. I’ve been looking at MSFT. If it gets to $20. I’ll buy. Also. I’ve been looking at APPL. $79B market cap and $20B in cash. The big question is just how much these guys will slow down.
Now. In time of a recession. I’ve always heard to buy tobacco, gambling, and alcohol. That these sectors are counter cyclical. I’ve never been one to prey on someone’s misory. I wonder how many people are adding BUD, WYNN, and MO. What do you think?
Just read that electronics are still at the top of Xmas wish lists:
http://www.marketingvox.com/tech-gifts-are-must-haves-in-icky-economy-041586/?camp=newsletter&src=mv&type=textlink
So maybe that APPL bet might be a good one.
Steve Jobs made some comments after their earnings that he didn’t know the impact the slumping economy would have have on appl.
I can see technology gifts on the top of the list, but will people pony up for them?