republicans just spend spend spend .....anyone hear of taxes.
Holiday Shopping with Deflated Stocks
Posted By:Ariel Nelson
Topics:Economy (U.S.) | Stock Market
Sectors:Retail
Companies:Goldman Sachs Group Inc | Berkshire Hathaway Inc. | Exxon Mobil Corp | Apple Inc | E*TRADE Financial Corporation | Target Corporation | Google Inc | Hartford Financial Services Group Inc | Ford Motor Company | General Motors Corp | American International Group Inc | General Electric | Microsoft Corp | Citigroup Inc
Still feeling shocked by how much your portfolio has fallen in value in the past couple of months? With the holidays upon us, here is a look at the purchasing power those shares still have. After all, a share of Berkshire Hathaway [BRK.A 93650.00 3650.00 (+4.06%) ] can still buy you a Porsche 911.
This weekend, I was looking through the circulars in my Sunday paper and found some good uses for those "worthless" shares. First, let's consider Thanksgiving dinner. You can buy a nice 10 lb. Butterball Turkey for just one share of Microsoft [MSFT 20.37 0.69 (+3.51%) ]. One share of AIG [AIG 1.66 0.06 (+3.75%) ] can add some nice frozen vegetables and a share of General Motors [GM 3.29 0.23 (+7.52%) ] is worth 5 lbs of yams. Note: All share prices are as of Friday's close.
Now for Black Friday, the biggest shopping day of the year, there are some real deals you will find with your not-so-deflated shares. A single share of Google [GOOG 253.83 -8.60 (-3.28%) ] can still buy a 10-Megapixel camera at bankrupt Circuit City. One share of CNBC parent, General Electric [GE 15.01 0.98 (+6.99%) ] can buy you over 100 multicolor light bulbs (not GE-branded) for your tree from Target [TGT 31.12 3.04 (+10.83%) ]. Unfortunately, one share of Citigroup [C 5.72 1.95 (+51.72%) ] on Friday was worth less than Chutes & Ladders or the Candyland game, but with the new TARP money, Citi is looking like it will rally today, if not by Friday. Finally, that Ford [F 1.55 0.12 (+8.39%) ] share you have been holding on to could make a nice stocking stuffer, big enough to buy a 6 oz. pack of candy canes.
Looking forward to 2009. Happy Holidays!
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bythenumbers.cnbc.com
Well, I lost quite some money on the stock market in 2008 and so I've been very careful with my porfolio in the last few months. Don't really know how the market will develop in the near future, too much volatility and uncertainty. I should probably spend my money on other things. Maybe I go on holidays to Curacao which is my favourite location or buy some nice presents for my friend. I think I can spare a lot of anger that way.