I finally pulled the trigger and bought some CLX just north of $57.
But if you look at the rest of the market theres a firesale going on. Financials and small caps are super cheap, yet not for the same reasons. Financials got in trouble due to bad investments they made in the sub-prime or credit markets. Small cap stocks are usually the first to go in a down market due to two reasons. Small caps might have a tougher time in a recession and the second reason is that there is a flight to quality where investors trade out of the high beta small caps into the very large caps. Picking a small cap right now might be a little easier than picking a financial right now just because it seems like all financials are taking big write downs and getting their debt downgraded by the rating agencies . But I think both financials and small caps are worth a good look right now.
Later Trader
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