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  • binkythejedi binkythejedi Oct 9, 2008 4:46 PM Flag

    Test of 2002 lows is possible

    Yeah we are rapidly approaching the point where tangible assets are on the table near book value in many div-paying stocks. This eventually becomes irresistible to the most conservative value investors and the bottom will be in.

    But tomorrow may well be a Black Friday to remember, when the Dow drops 1100 points or more and trips a trading halt. Only an announcement of some very good news tonight will avert that now.

    The problem is nobody cares about investing when they are fighting for mere survival.

 
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