Stocks has been pummeled and market has gone down by almost 500 pts in 2 days. And that hasn't happened for the first time.
Oil Price is going nuts, foreclosures are increasing, economic situation is not looking good. So what do you do ? Be afraid , be very afraid? But that doesn't mean stop breathing.
Similarly in investing if you are investing money in stocks and you are in for a long term then what you really need to focus on is not the issues mentioned above but the long term view. In long term view you focus on fundamentals. You focus on how the companies are really doing ? What is the valuation what is the P/E ratio.
Based on all these factors EMC looks like a really good buy right now. It has been marked as Strong Buy by S&P and i think so too.
Good time to buy EMC.
In the mean time a good video about Oil situation.
Friday, June 27, 2008
Buy EMC
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1 comment:
Interesting that you mentioned about EMC stock. Over here at office too people are talking of buying them (as ESP). Its nice to see that you have a slide show of my photo blog. Its being quite some time since I visited your blog and looks like you have put in lot of things in there.
BTW, The link to text blog blog.netotto.com you have will soon go away. It will now be addressed as blog.shuva.in
PS: I was trying to post you a direct message (rather than comment on this EMC blog entry) but could not find a way to send the message directly to you via this blog. Its also interesting that you dont mention you name anything in here(atleast not that I could find).
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