This might sound like an insane idea, and it probably is……

I noticed there has been a lot of talk about bottom fishing, and over-all its a good idea. The only problem is, where exactly is the bottom. Unfortunately it seems stocks are a perpetual molasses fly trap; a 10% loss takes approx a 12%-15% gain just to break even. A 10% loss is quite probable and a 15% gain on average is good even for a bull market. Now its all about timing!

One thing the recent fall of Bear Sterns has shown (at least in my mind) is that the Fed’s are willing to do almost anything to keep the markets and Economy stable. With that said, I couldn’t help take a look at Countrywide and/or Fannie Mae (both are at extreme lows). Most people say stay away…..but I disagree. If anything REALLY MAJOR happens with either of these companies, I’d bet the feds would step in. Getting to the bottom line, I don’t think either of those companies are going anywhere. Its only a matter of time before they regain value. ???