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To: Jurgis Bekepuris who wrote (66462)	10/7/2008 4:39:19 PM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

I agree, hardly anything is close enough to fair value to bother selling and raise cash. In the past, I felt compelled to get my cash back into the market quickly but not now. I don't see what is out there to prompt any quick market rebounds, since the sellers have ignored everything the Fed and Treasury have done so far.

To: Jurgis Bekepuris who wrote (66462)	10/7/2008 6:18:21 PM
From: Paul Senior	Read Replies (1) \| Respond to of 118717

Spotting value investors buying: My experience in the past downturns is that I never was aware of value investors buying when they did. Months/years later there'd be occasional interviews that I'd see where value investors/value fund managers would say something like, "Oh xyz stock? Yeah we've got a huge gain in it and abc because we were buying them with both fists when the market tanked in that terrible period for stocks in 19xx". I remember some of these interviews, because if what they were saying was true, they were buying some of these stocks the same time I was getting scared out of them. Otoh, in reference to your comment about cash, I have wondered how these value fund managers did this great buying when I know they must have had to keep or make a big cash component for the redemptions that had to be occurring. Now, with at least three business news networks and several business magazines it's much easier to see people who are categorized as "value" investors or "value fund" managers report some of their buying - sometimes maybe not the specific stocks, but at least that they are seeing values and they are committing funds. I try to keep alert for these people on Bloomberg and CNBC and in Barron's. And I do see some reports of buying by people I like to follow.