I saw that thanks. Let’s bail them out too!
BTW, I’ve been buying all the way down. You can never predict the bottom.
You're right, market timing is about as effective as throwing a dart at a dartboard over the shoulder. Spreading the buys around a bit makes sense, but avoid oil and oil service for a while longer. :^) I think the buying of retail stocks is due to kind of a gee-whiz common-sense misconception that retailers are moving loads of inventory (a six pack of toilet paper, nice stuff, was over $5 locally yesterday). But think about all the retail chains that are primarily located inside malls, including the vitamin dealer GNC -- GNC's p/e is really great, but they'll have to borrow now to keep the lights on and employees at the register.