What stocks do you recommend buying?

	What stocks do you recommend buying? I have $500-$1000 to play around with in the stock market. What stocks do you recommend I look into buying? Asked By: You know you hate me - 3/4/2009

Best Answer - Chosen by Asker
My sister, a former Wall Street investment banker, told me about six months ago that the bottom in the stock market would be 7500 plus or minus 500 points. This is the time to buy stocks cheap like GE, JP Morgan Chase, Goldman Sachs, Sun Life, and biotech stocks. As long as you are a long-term investor now is the time to buy while others are huddled in US Treasuries, et cetera. Buy GE at 7 and watch it quintuple in five years or sooner. Good luck. Check out "Mad Money" on CNBC every night at 6 PM. Jim Cramer will give you much better ideas for small investments. P>S. The CFO from GE was on Squawk Box this morning and provided all kinds of details about its financial health, particularly with respect to GE Capital. He noted that a stock analyst told him that he thought GE was not worth less than $12 per share in a worse case scenario, but he wasn't prepared to put his job on the line by putting a "Buy" on GE stock in this environment. This should tell you something about this stock market. One of the world's premier companies is undervalued by almost 100?y stock analysts who are scared to death of losing their jobs if they recommend a stock that then fails to go up. Throw in the SEC's lack of an "uptick rule," which could have and should have been done the day after Obama was sworn in as President, and you can easily see why GE, Bank of America, CitiBank, et cetera, stock prices are where they are today. This new SEC Chairman appears to be just as ineffective as the last SEC Chairman at a time when real leadership is desperately needed. I mean there is a crisis in the financial economy and we the US taxpayer are bailing this sector out and yet we continue to let short sellers drive our investments down daily. Personally, i would have fired this new SEC Chairman by now, but then I never would have appointed her in the first place. Here's a news flash. The people who invested with Bernie Madoff were recklessly indifferent with their money or were duped by an intermediary that failed to do the requisite due diligence before investing in Madoff funds. The same is true for Sanford Financial investors. They aren't getting their money back because those were never going concerns. The SEC needs to focus on the need for an "uptick rule" and the merits of allowing companies to value illiquid assets by means of a financial model that ascribes a value to the asset based upon cash flow. These are going concerns in whose sound financial health concerns the entire American economy. They should be the priority, and Madoff and Sanford should be the sideshow. Answered By: TK - 3/4/2009

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