After the markets opened on September 17, 2001 you could have bought these stocks at these prices. Apple 7.87, Research in Motion 2.45, Valero 10, and Amazon 7.48. I'm sure you bought books off Amazon, gas at Valero, read emails off your blackberry, and thought Apple was at least a cool computer company. A month later, on October 23, they introduced the iPod. Now you had a chance to buy Apple at just a few dollars above the cash on it's balance sheet.
Today we hear worries about housing, credit and the possibility of a recession. Investor assets are overseas, and the money flowing in domestic stocks are at a trickle; and the long term investor has disappeared. Maybe it's time to rethink your investments. (Credit Noah Blackstein for the idea.)
www.thestreet.com
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