Does anyone else feel like I do that this is not the end of the world? I'm ready to move into GE @ $30,IBM @ $72,SUNW @ $5.50 and even JNJ if it drops to $55 but I'M holding ABT for the long ride to the 70s.BTW-Check HLTH my pick in Newby lottery it is ready for a breakout up to $11 by EOY.
Wealthy- You got to buy when there is blood in the streets but that means let DOW fall to 9000. Like low PE Persh? Look at MRK PE=16....word is Vioxx is a loser, so is Celebrex so D2E7 should be called Relief for all these old timers with arthrits pain....bet FDA approves before EOY.
I do not feel like you...there is a reason these great stocks are down. Look at GE, 60% of there earning are from financial services, not giant turbines, you get the rest. That's why I'm not buying. I think Caterpillar is in the same boat. Ford Motor and Primus, it's a long list.
Add AOL Time Warner (AOL)t your list at $20. Movie studios, magazines, cable TV and internet are not going away, even if AOL's internet business is slowing its growth. There's been a panic sell off in this stock. Stocks only get cheap when there's massive pessimism. There is overdone massive negativity in this stock. Down from abut $27 a few weeks ago.