Is it a good time to buy?
I can’t be sure but I have placed some bets.
Today I picked up some shares of AIG. It’s been battered by the stock market and is currently trading at about $4. At that price it could be a huge win if the bailout plan passes tomorrow.
When Warren Buffett starts buying you know there are some good buys in the market. Since he’s very disciplined about buying value companies and will wait decades for a good price.
While I suspect that the market will continue down for the next couple of quarters it will come back up… eventually.
There are definitely some really good companies out there today trading for far less than they’re worth.