That is the sound of my nest egg bleeding. When will it stop? Large caps, midcaps, small caps all are the same. Nothing looks promising in the current environment. Tech? Energy? Transports? Industrials? Retailers? Pharma? or God forbid Financials?
To tell you the truth, Financials at their current prices do look the best option right now but every time I think it is the bottom, they drop further. I would have loved to buy Citi at $ 24 on Friday lekin do not want to catch a falling knife. Then again even with the slashed dividend (1.28 per anum about 5.2%) it gives me more than what my 401k made in 2007, as long as it doesnt go down.
Hye, karouN tou kya karouN?