Good Morning,
When things are bad, its easy to be over pessimistic just like how one gets over optimistic when the noises are good. This is going on and on in the market and the very reason why most investors lose out in the long run.
While i am not expert and cannot predict the future and for all you know , Nokia may really go bankrupt, but that is not really the point here as what i was trying to get at is why people will avoid even the bluest of blue chips when things are not going correctly for it bringing us to think that if we will not buy now..then when? We all also believe that trying to time the market is futile in most cases.
your two points...
1. I dont think its a given that nokia will bounce back to get its no.1 in the world position, but i do think it will remain in the top 3 in the world and most probably no.2.
2. It makes sense to buy when noises are better, even if one gets stocks a bit more expensive....but would one try and time even if its mega blue chips available at multi DECADE lows... for example..Sony as at a market cap of 13 billion approx. at this time.
I remember i was in boarding school in 80s and i read on readers digest that time that sony had bought columbia records for 1 billion dollars and this is the 80s...So sony was buying billion dollar companies in 80s and now its itself at just 13 billion.
just many things to ponder about !!
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