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Discount Stocks?

9 October 2008
Author: Harvey Posted under Investing

After today’s routing, I’d say we are at about a 33% discount on most stocks and we have to be on the verge of a major reversal. We have now had 6 down days with investors, funds and companies gathering cash. They will eventually put it back to work. You’d better be adding as the market falls or be able to put your cash to work in an instant or you will miss the virtual boat. Not that I think that things will turn around on a dime or anything. But, looking at my favorite mutual fund, PVADX, it lost 7.01% just today. Somehow, confidence in banking / money / stocks / companies as a whole needs to make a comeback. How does one accomplish that… -Harvey


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