OT as we don't have much to talk about re TKO, except it's been up a whopping two days in a row. A slight upward chart reversal today, but take that with a grain of salt. Nobody's jumping up and down here, that's for sure. I do see buyers lurking for the first time in a long, long time. Things may be looking up.
I don't think this housing thing has bottomed out by a long, long shot. Countrywide in their conference call today (which lasted over three hours with numerous questions) said that it's not just sub-prime that's falling apart for them but some prime loans as well. This housing downturn is for real and will take YEARS before it rebounds.
If anyone is interested in making money the old-fashioned way, MO and BAC are well off their highs, with more room to the down side (my opinion only). Both pay great dividends (higher than CD rates for the most part). They also have good long term potential for appreciation. Disclosure: I have held MO for eight plus years.
BSD
