Wisdom from Eddie Murphy: Buying in a Falling Market

I can't help but think of that moment in the movie Trading Places, Eddy Murphy is trying to explain why the market is going to keep going down.  He doesn't offer an explanation of the exact moment to buy, but he can explain that it's not right now. 

The US Equity markets are falling.  Technology stocks are currently out of favor.  I’m working on a list of value tech stocks that I will buy when I think we’re near the bottom.  I know tech stocks usually bottom in the summer but I might get them sooner depending on market conditions. I will put out the list tomorrow.

Grabbed this from IMDB.com

Randolph Duke: Exactly why do you think the price of pork bellies is going to keep going down, William? Billy Ray Valentine: Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it. [on the ticker machine, the price keeps dropping] Randolph Duke: He's right, Mortimer! My God, look at it!

Disclosure: Nothing in this blog is meant to be a recommendation to buy or sell.  I do not give investment advice.  Do your own research.  Do not rely on anything in this weblog to make investment decisions.  I do not log all my trades here. I only those that I think might be interesting. Consult your own investment professional before buying or selling any security.

I have seen the movie Trading Places. I do not own any Pork Bellies. At this time I do not own a G.I. Joe.  I think my mother sold mine at a garage sale in 1980. More blogs about david neubert.
stocks.