I think its a GREAT time to buy stock
For VERY cheap, I have purchased
GM
Fannie Mae
Freddie Mac
AIG
I have put about $500 in the market (its gambling basically, so make sure you can lose it)
Fannie and Freddie will be returned as they were with better oversite, and values should go up, this is a long term investment, like years
GM is WAY to big to be valued at $5 a share, yes they have money issues right now, but gas prices are falling fast, and some of thier cars in the pipeline, like the Chevy Volt, which should have a MPG rating of 100mpg, should bring life back to the company.
Gm also may be getting direct federal loans, aside from the 25 billion gauranteed in the new bill passed by the senate (for upgrades for the new MPG requirments)
50/50 chance Chrysler and GM may merge, also REALLY intresting
AIG has only taken out a loan, and issues perferred stock to the goverment to back the loan, Shareholders are trying to raise capital to pay the goverment back quickly, when that happenes, the shares will go back up
again, if only one of these companies returns to its former glory, I will have made my money back, and then some.
If you have faith in Ford, its at about $2.00 a share, they are a HUGE global company, and make some awesome cars in europe, not so much here. Lets hope they start doing what GM is doing, and start having global cars, it brings up the quality here, and cuts development costs by ALOT, thats why Toyota and Honda have been so succesful, build cars for every market, it makes sence, you should see the Ford Focus in Europe, its a tad bit better than ours
European Focus
American Focus