I was a professional day trader from 1998-2000. It was an amazing time, and the money was insane! Unfortunately, the bubble burst, and things got ugly in a hurry! I lost a TON of money in a matter of days, and walked away from the market. After that, I simply watched the market (with morbid curiosity), but refused to get sucked back into it.

With the DOW at 7300, and stock prices at all-time lows, I can no longer sit on the sidelines. GE is at $8.90! Are you freaking kidding me?! General Electric is a monster company, which has been unfairly beaten down as a result of the credit crunch. The stock traded at close to $40/share less than a year ago!

I just scooped up a bunch of GE stock as a long-term hold, and I think you should do the same. Is this the absolute bottom? Who knows. But whether you buy this stock at $9, $7, or even $11, it’s still a huge bargain, one that will pay you nice dividends down the line. Good luck!

-Z