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Brookfield Asset Management Inc. Message Board

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  • ntack5 ntack5 Aug 3, 2007 7:32 PM Flag

    Something is seriously wrong

    Hell yes, something is wrong. I'm getting bent over and rammed up the butt with not so much as a thank you. I've lost my AZZ in this market buying what I thought were good quality stocks. I'm thinking of bailing out of this f$%#@# casino and adopting my dog's philosophy before I ever buy another stock..."if I can't eat it or screw it, piss on it and walk away".

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    • BAM is getting slammed in this market due to fears of a credit crunch, which would make funds less available to complete deals that would allow this company to continue growing, as well as affecting organic growth through slowing economic fundamentals. Will a credit crunch spread? It may. In which case BAM will go lower. IMO, this could create a good long term buying oippty. The fact that people are speaking of bailing now, tells me that panic selling is beginning, and bargains will ensue. I live for these kinds of corrections. Great stocks on sale.

      Five years from now, I will be holding huge gains by buying when most sre selling.


      • 1 Reply to fubsy_cooter
      • You could be absolutely correct on all accounts, say one: timing. The credit wringer is only beginning to be applied. How much longer will it last, my guess is until the fed eases. When will that be? Don't know. Since I don't own anything related to finance, I don't really have a horse in this race. On the other hand I remember too well holding S&L's in the late '80's. I can empathize.

        Good luck.

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