Wednesday, October 08, 2008

Big Declines Yesterday

Stocks seem to be getting cheap – especially banks. I bought some more financial stocks yesterday on the dip (BAC & XLF), and again this morning. Sort of a dollar-cost averaging approach on market lows. Still, I have only 9% of my money in stock.

This may not be the bottom, but long-term the current prices should look good.


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