Yes, now may be a time to diversify away from "pure value". OTOH, just because growth stocks have come down in price and are now a relative value-- that can be a dangerous way to invest. (as pointed out by D. Chisholm, and as you know too.) MSFT might work out very well though - it may have been washed down as far as it's going to drop with today's market fall, and may now be a decent bet to rebound when the market recovers and individuals and institutions look to deploy funds.
For me, I've added today to these downtrodden-that-might-recover (I hope): American Airlines (AMR), which is the number 2 carrier, Cemex (CX) which will be the number 3 cement producer, and Dollar Thrifty Auto (DTG), which is the number 3 or 4 auto rental co. I tossed in the towel and will take my losses in AKLM, AVS, ESCC, IGL, VII. (And, as with a prior post - these clunkers too are all in taxable accounts; I'll revisit the stocks in 31 days after I get the tax loss.)
Paul. |
