Bear Market Stocks ?
Saturday, March 22nd, 2008What I am currently searching desperately for is a list of bear market stocks.
A list of stocks that could and will do well in a bear market, in a recession… even in a depression.
The way I see it, there has to be a set of companies that will do very well during times like this… companies that perhaps have huge government contracts, that will only grow as more and more people are in need of government services… or just very simple solid money making utilities like electric and gas companies ?
I definitely feel that we are only at the tip of the iceburg… bank stocks bad ideas ? oh yeah… and I am speaking from experience… I own two of them… CFC and C and both are down HUGE, and I have basically resolved that they will either be worthless eventually or they may make some money within the next 10-15 years… so, yeah, unlike some of the pundits out there who are already calling a bottom in the bank stocks… I am not joining them… in fact, I think these are the same people who called a bottom in real estate and real estate stocks in 2006… yea, they were a little off on that one…
so, hit me with the bear market stock picks please…
Mandrake