07-15-2008, 02:40 AM
"...If you want a reality check, go to your banking institution and try to take out a really large chunk of cash. ..."
Not in my case. I took out $250,000.00. No grumbling, no questions, no IRS "form" to fill out.
"... Many investors will buy a stock when the real or current value is way below the "book value". ..."
This and Price/Earnings ratio - which is still relatively high (even at a DJIA of 10800). You're correct there is plenty more downside potential in this market.
"... Not sure what exactly happens to those loans that are still outstanding ..."
No doubt some were purchased by Freddie. THAT sistuation is gonna take years to sort out...
Not in my case. I took out $250,000.00. No grumbling, no questions, no IRS "form" to fill out.
"... Many investors will buy a stock when the real or current value is way below the "book value". ..."
This and Price/Earnings ratio - which is still relatively high (even at a DJIA of 10800). You're correct there is plenty more downside potential in this market.
"... Not sure what exactly happens to those loans that are still outstanding ..."
No doubt some were purchased by Freddie. THAT sistuation is gonna take years to sort out...
Puna: Our roosters crow first