A good friend of mine owns 25000 shares of GE and saw his investment dwindle almost to nothing when the stock sank to $5 in 2008. I asked him how he could live with himself. He told me that as long as GE paid a dividend he didn't care where the stock price was trading. And if he lost everything it wasn't because he did anything wrong. He is a buy and hold investor and all the dividends he gets he plows it back into GE. He still owns the 25000 shares which has probably grown a few more thousand shares. So as you watch and trade what's going on now stay focused and if you can afford to buy DO IT. COAL will be around long after the market stops selling it......In fact you might be able to profit when the dust settles.
Nein, prices are falling too fast, so could/should/will go lower.
Market conditions are much like 2007-09. Then it was Lehman. Now it is sovereign debt everywhere, Euro Zone, UK, USA, Japan, China. A new and radically different financial system is in the process of SLOWLY being developed. We have years of turmoil ahead.
Conflicts abound: Jamie Dimon is the chairman & CEO of JPM (Jip'em) AND the only member of the NY Federal Reserve Branch that has a brain. The financial system is FU complely because the fox owns and is in the hen house.