Archive for October 11th, 2008

Financial Safety In Safes?

This Boston Globe/Associated Press headline caught my eye this morning:

Sales of safes growing as Americans hunt financial security

I wonder if extra thick mattress sales are up too? After a dismal week for global financial markets, folks must be thinking about burying their heads in the sand in an effort to avoid seeing all the red ink and ($) on their financial statements. Who could blame them…oops, I mean us? Nevertheless, after the bloodletting, this could be one of those rare times in decades when equities are priced realistically. Many see this as a buying opportunity. A veritable Blue Light Special.


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