These are really tough times. So, I'm wondering how people are handling investing.

The one thing that I know if ... DON'T SELL!  It's way too late.

Besides that, what are people thinking ...

I am selling to offset the  gains that I have taken this year. I have stocks that have to double to get even and I can but back later at a better price. I have long term gains and short term. I don't think it really matters to mix the gains and losses.

Here's a Barrons take on the current market...

http://online.barrons.com/article/SB122369243937925455.html?mod=9_0031_b_this_weeks_magazine_main 

I'm looking for firms with good balance sheets.  Good cash flow, low debt.  I see consolidation and M&A activity.  Aren't the solid firms  owned by the more risk averse investors.  The down market has their money moving out of the market.

People who pull money out of their 401k's will have to do something with the cash.  I think it goes to money market's or T-Bills which increases liquidity.

I see a bounce coming.  Not sure when but I'm a optimist .

Bob

p.s.  Lower gas prices have got to be helping the consumer.

Joe,

Perhaps a little piece I wrote on "Rational Value" would help in this stressful time. It can be found at http://ellist.newsvine.com/_news/2008/10/11/1984252-rational-value-your-key-to-investment-sanity.

Also, Warren Buffett recently wrote a good Op-Ed piece in the NY Times. That can be found at http://ellist.newsvine.com/_news/2008/10/18/2014813-buy-american-i-am.

Mr. Traub,

It was great to read your article on Rational Value. I have your book  Take Stock and cut my eye teeth on it. I've been learning this investment process for a year now with the help of the Crowriver Investment Club. Thanks for your influence on us learners!!

GQ

I have been searching for good cash flow and low or no debt.  Have tried some stock screeners.  All I could come up with was Exxon Mobile, Microsoft and Intel.  Has anyone found a good company meeting this criteria?  I don't have loads of money but enough to buy one good company in this buying opportunity. 

Here are some names to throw out for consideration

http://finance.yahoo.com/special-edition/stocks-for-the-long-haul