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Re: leftyg post# 299

Saturday, 11/22/2008 10:11:43 PM

Saturday, November 22, 2008 10:11:43 PM

Post# of 1208
The buying opportunities seem wildly unprecedented. The drops in NAV..the discounts in price to NAV..the unbelievable yields.

They say when things seem too good to be true, they usually are.

At the prices, the dividends could be halved, and still have a nice return.....surely half of American/Global companies are not worthless, are they?

On one hand it seems like a once-in a lifetime financial opportunity. On the other hand...could everything go bad, and buying is the worst thing you could do?

I think by the time this crisis is over I will either be grateful I had the cajones to buy while everyone was selling....or I'm going to be looking for a very cheap trailer home.

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