The reason is "bottom fishing". I'm sure there are plenty of people out there who are thinking "I got a great bargain today."
Of course, there's a reason why financials are cheap right now. And it's not a good reason.
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2 comments:
Your charts and summaries are great, and I think you have your head on straight. I check often, almost never comment, but thanks sincerely.
Watch what's going to happen to the China markets with a P/E of their index at about 50! Where there is trouble, there's money.
also a big zappa fan :)
loving your site after finding it linked thru crooks and liars, even tho i don't understand much of this stuff...
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