Ouch

One year ago, Business Week looked at what the pros were staying:

Garzarelli is advising investors to buy some of the most beaten-down stocks, including those of giant financial institutions such as Lehman Brothers (LEH), Bear Stearns (BSC), and Merrill Lynch (MER). What would cause her to turn bearish? Not much. “Our indicators are extremely bullish.”

Of course, there are six stocks on my Buy List that are down by over 50% this year, and I’m still beating the market by a fe point.

Posted by on December 23rd, 2008 at 3:03 pm


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