Renowned investor John Templeton once advised investors to buy at the point of maximum pessimism. The problem with this advice is that there's no one to tap you on the shoulder and say, ''OK, we're here, back up the truck!'' But there are clues that could signal when that point is near.
Act Now! Activate a FREE three days trial to FinancialServicesCrossing.com, because you know how important it is to know about all the jobs.
Irrational selling
For the most part, the stock market does a good job of telling us what a company's worth, and stock prices are generally rational. However, there are times when Mr. Market gets downright depressed.
The best example of this is the Black Monday in October 1987, when the Dow dropped nearly 23% in a single day. If that's not a flashing light that irrational selling was at hand — I don't know what is. Anyone who bought shares of almost any stock during or after Black Monday would've made money within a couple of months.
One-time tragic events
Lightning rarely strikes twice in the same place, and once is enough to scare most people away. After the horrible events of 9/11, tourism basically ground to a halt. But anyone who bought shares of travel-related stocks like casino operator MGM (NYSE: MGM) or airplane manufacturer and Stock Advisor recommendation Embraer (NYSE: ERJ) after that tragedy would've doubled their money within a year.
As a young man, John Templeton famously put his money where his mouth was after World War II broke out. He bought shares of every company trading below $1 on the New York and American Stock Exchange and eventually quadrupled his money.
The B word
Few things are more terrifying to stock investors than bankruptcy. The mere hint of bankruptcy sends even the hardiest investors running for their brokers to unload. After all, no one wants to live in constant fear of waking up and finding out that a bankruptcy filing just put a gigantic hole in their portfolio.
For professional analysts and portfolio managers, recommending or owning a bankrupt stock could put them out of a job. The trick here is to buy stocks on bankruptcy fears only when there's absolutely NO chance of the company going bankrupt.
Warren Buffett bought shares of Wells Fargo (NYSE: WFC) when unfounded bankruptcy fears drove the stock to its point of maximum pessimism. You can find more detail of the situation here.
Recently, bankruptcy fears sent E*Trade Financial (Nasdaq: ETFC) shares down 60% in a single day. I haven't looked closely enough at the company to have an opinion, but the only way I'd advise investors to jump in is if they have a strong conviction that the chance of bankruptcy is extremely remote.
Can things get worse?
For homebuilders, the answer is clearly yes. Although even the most solid homebuilders, such as Toll Brothers (NYSE: TOL) and Motley Fool Hidden Gems pick M.D.C. Holdings (NYSE: MDC), trade at below book value, there are several scenarios where housing stocks fall further. For example, to date, no major homebuilder has gone bankrupt. All it takes is one to send the entire sector into a temporary freefall.
Of course, this doesn't have to happen in order for the sector to bottom. But it could happen, so it might be a better bet to wait and see.
Foolish thoughts
Trying to pinpoint the bottom can be a terrifying exercise. It's often said there's very little difference between being early and being wrong. That said, investors will probably have a better accuracy rate when they:
This feature may not be reproduced or distributed electronically, in print or otherwise without the written permission of uclick and Universal Press Syndicate.
Edward , Detroit, MI
I love the website's new layout. It is very easy to navigate.
Angie , Denver, CO
I was very happy with the results I found for current job listings in my area. This is a great website to use for up-to-date job postings. I also wanted to comment on EmploymentCrossing's customer service. I had some questions, and called in for some technical help. I was very surprised at the way these people handled themselves. Very professional and friendly. I will use this site again for any upcoming employment needs.
Greg , Miami, FL
Thank you for the outstanding service. This search engine is fantastic. I would recommend this website to every financial professional.
Rick , Houston, TX
All the categories you have are great with EmploymentCrossing. It is a great resource. Thanks!
Peter , Tampa, FL
I was very surprised at the number of jobs I was able to locate. I found a position right away. I'm very glad that I used this web site as a job locator.
To compare FinancialServicesCrossing with other job sites
Bring Order and Structure to Your Financial services Job Search
You have perseverance and can accomplish anything you put your mind to and finding the ideal financial services job is no exception. We have a tradition of helping our members accomplish anything they set their mind to. With complete information about every financial services job in the market at your fingertips you are going to go far.
You have very high standards for the sort of employer you are working for and also for yourself. You are not afraid to work hard to fulfill your duties because you value security and peaceful living. We give you the tools to pursue your dreams for you and your family.
Become part of a tradition of research excellence that has elevated the careers of countless financial services professionals just like you.
Complete the sign up process today and become part of our site today.
Tell us where to send your access instructions:
Total Jobs on FinancialServicesCrossing
124,075
New Financial Services Jobs This Week
34,860
Jobs on EmploymentCrossing Network Available to Our Members
PT Branch Associate - Orange Park United States-FL-Orange Park
MISSION:
Deliver an exceptional customer experience while uncovering sales referral opportunities. Perform a variety of duties involving paying ou...
Sovereign bank jobs are easily among most preferred job options for those looking for bank jobs. Sovereign bank careers offer vertical promotion opportunities and lifelong employment for those who prefer to stick to a single employer throughout their careers.
See Every Financial Services Job We Can Find on the Internet!
Unlike other sites, FinancialServicesCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
To compare FinancialServicesCrossing with other job sites
Top 101 Reasons to Sign Up for FinancialServicesCrossing
Reason 45: Many companies cannot afford to post their job openings on other sites or in newspapers, which charge hundreds of dollars per posting. Instead of you hunting down all these unadvertised jobs, let us do it for you.
Bring Order and Structure to Your Financial services Job Search
Start doing things the way they should be done.
Make objective career decisions with unbiased research, facts and information about financial services jobs. Your perseverance, follow through and dependability will all pay off when you have access to:
Financial services jobs from every company employer career webpage we can find.
Financial services jobs from every professional job source we can find.
Financial services jobs from every job board we can find.
Financial services jobs from every newspaper classified ad we can find.
Financial services jobs from every specialized financial services publication we can find.
Financial services jobs from every federal, state and local government career page we can find.
Financial services jobs from every public interest, nonprofit and other career page we can find.
Tell us where to send your access instructions:
Today at FinancialServicesCrossing
6,536 - Jobs found in last 24 Hours34,860 - Jobs found in last 7 Days124,075 - Total Jobs Found
Your privacy is guaranteed. We will never give out, lease, or sell your personal information.
FinancialServicesCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
FinancialServicesCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.
FinancialServicesCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.
