Hi Mel,

Thanks for that link, it's an interesting web site! :)

I guess there are still some little "bubbles" around (otherwise how can you justify these valuations???).

I didn't want to say much, but I honestly believe that the depressed stock market represents a real buying opportunity.... I honestly believe that it will probably bounce back in six months to a year, and if you have cash to spend now is not a bad time to start looking where to spend it.

I've also seen some very interesting articles mentioning Peter Lynch, one of the best known investors (probably second after Warren Buffett). Here's an article.... http://www.nationalpost.com/financialpost/investing/money/story.html?f=/stories/20010929/711453.html

I personally would stay away from airlines, though, even with the low prices. I never really liked airline stocks, because I feel they are too "commodity-like".... I don't feel there is much of an advantage flying one airline over another, which makes competition pretty fierce, since customers can turn from one brand to another in an instant. The strong competition erodes profits, and also any whiff of bad news is enough to make their customers switch airlines, which is too unstable for my liking as an investor (even before the latest events). You might make a short term gain though, but personally I don't like airlines for long term investments....

However, there are plenty of other opportunities....

Fortunately, I do have money to spend (I didn't sell any of my shares, but I still have unspent money to invest) -- so I'm shopping around to decide what to buy at the moment!

By the way, here's another quote from Peter Lynch (from a different article, and I saw him say this on TV too)....

"If you're looking long term, stock is the place to be. A lot of people think long-term investing is two weeks from Wednesday. It's longer than that" -- Peter Lynch

For a long term investor, the latest events are really just a blip on the radar....

- Dien Rice


Stock Lemon