Originally Posted by ADL Colin

I don't try and time anything. Just look for stuff that is cheap. Hell, WFC is trading at a cheap multiple even against the possibility of an awful 2009. Citi analyst downgraded it and went with $1.50 instead of $2.00. $21/1.50 is cheap enough but when you consider a return to normal earnings in 2010-11 and then discount the future earnings to the present you are looking at a real cheap stock.