Stocks Plunge — Again

The market plunged at the open. Once again, the yield on the one-month T-bill has gone negative.

A few weeks ago, I remarked on Carl Icahn’s bid for Clorox ($CLX). First he bid $76.50 per share then increased it to $80. The stock bounced as high as $75.44 but the board had no interest and neither did anyone else. I told investors to get out as soon as possible. The stock is now below $68 per share.

Posted by on August 4th, 2011 at 10:03 am


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