Posted AT 10:14 PM EST on 20/11/08
Cheap stocks that nobody wants
TORONTO — As another frantic selloff sent stocks to new depths yesterday, one question burned the minds, phone lines and trading desks of investors big and small: Where does it end?
The frustrating answer, even with stock valuations cheaper than we've seen in decades, is that no one has a clue.
“We are in rarefied air here,” said Myles Zyblock, chief equity strategist at RBC Dominion Securities in Toronto.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +162.82 | 11,278.12 |
| DJIA | +188.64 | 10,097.03 |
| S&P 500 | +16.88 | 1,073.62 |
| Nasdaq | +29.58 | 2,155.63 |
| Stock Profile | |
|---|---|
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U.S. stock futures head higher
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