Thursday, October 2, 2008
This looks like rockbottom
From 200 day moving average of # of SnP500 stocks below 200DMA (surprised such an indicator exists!), it looks like we should have reached pretty close to a bottom for the year. Investor pessimism is at extremes, Buffett is investing in solid companies like GE and Goldman Sachs. For the risk averse, do consider a good corporate bond fund like LSBRX. It's sporting never before seen yields!
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