Stock Fire Sale

August 16, 2007 @ 6:36 pm · Filed under Finance and Investing

With the current situation, a lot of great stocks look like they are on a bargain basement sale. Even financials - most of whose stock prices are hurt more than justified by the current scenario. Wachovia, Bank of America etc. are amongst the bright spots today because they have become so cheap that is makes no sense not to buy them. The P/E of Morgan Stanley has fallen to 6.6!

It might even be time to get some techs with GOOG well below 500 and AAPL more than 20% off its 52 week high. In fact everything looks like a great buy. The stock market feels like a Big Lots store. Enjoy your shopping while it lasts.

Related Posts

Indian Stock Market Eyes 20000. China > doubles
Diesel Car Update
The Lowdown on Wachovia-Citi

1 Comment »

  1. JPM Said,

    August 21, 2007 @ 8:26 pm

    Great Minds think alike… Things couldn’t be any better! You read my thoughts exactly.

RSS feed for comments on this post · TrackBack URI

Leave a Comment

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word