I agree with you about Weill and C, and around $24/26 it does start to look like a bargain, good PE (8) and even a dividend yield of 2.75%. The main problem, is that once confidence has been shaken, it may very well go to "excellent values", I have no idea how far, but after a bounce, I would not be surprised to see it lose another 30% to $16, close to its book value. I am not saying that is what will happen, but stories like that always have a second shoe. Since you are involved here with the largest financial institution in the country, you must assume they have "exposure" to the largest companies in the energy field, not just Enron, but the like of MIR, ILA, DYN, CPN and WMB (which I presume Softie is still loaded with), one of which may possibly follow ENRON and WCOM to BK. So, right now, I would not jump into that fray (I have enough falling knives on my hands <g).
Zeev
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