Ombow, I'll probably just stick with ETFs, although a custom ETF filled with stocks from my various watchlists might be worth considering. With zero commissions, the idea has become feasible.
It's discouraging when you see even big name companies blow up. Who would have thought companies like GE and Teva would hit the skids? My dad has some Johnson + Johnson, and even they are running into problems. I figure I'll leave the stock picking to people like Warren Buffet, although even he has been lagging the S+P 500 for years. So better to just own the broad index, plus a few sector ETFs.