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Showing posts from August, 2015

Good stocks - on sale

My first day as a fully-licensed stockbroker was in October 1999; the first time in history when the New York Stock Exchange actually closed due a dramatic drop in the Dow and a corresponding sell-off. In the middle of that madness, I remember looking over at one of the seasoned vets and saw him walking around with the biggest smile I've even seen on anyone.

"Why the f--- are you smiling?" I asked him.

"Frank, you gotta understand one thing," he replied. "The best time to buy any stock is when it goes on sale and there's a lot of good stuff on sale today."


Flash forward to today. The world is freaking out about China - and a whole bunch of really great stocks are currently on sale.