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Pure Panic Now

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October 06, 2008 – Comments (4)

We are seeing pure panic now.  Vix over 50. Prices on stocks giving them dividend yields over 10% now.  Stocks with forward PE of 2.  Mineral stocks so low you would think the world has an abundant supply with no one wanting to build still.  Now is the time for those who have money on the side to start buying up these bargains. If this isn't capitulation going on I don't know what is.

 

4 Comments – Post Your Own

#1) On October 06, 2008 at 1:31 PM, Gemini846 (52.58) wrote:

One more big crash day is comming. Wait for it.

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#2) On October 06, 2008 at 1:35 PM, camistocks (< 20) wrote:

plus I am down from a score of 99+ to as low as (gulp) 5 this morning. And all this in just a couple of days...

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#3) On October 06, 2008 at 3:00 PM, devoish (97.30) wrote:

I would like to thank the people who sold me their shares of DIG while it was low enough that the dividend was over 10%, and PWE with a 21% dividend.

Hopefully, I will still be thanking them in a years time.

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#4) On October 06, 2008 at 4:56 PM, awallejr (79.46) wrote:

Takes guts to hang on, but the wait should pay off. 

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