Tuesday, November 6, 2007

Commentary: Being a contrarian takes guts, like buying Citigroup stock

From MarketWatch:

OK, all of you who claim to be contrarian investors: It's time to see if you walk the walk, not just talk the talk.

How many of you have stepped up to the plate in recent trading sessions and bought shares of Citigroup?

You say you don't follow the crowd. You say that your favorite quotation is Nathan Rothschild's famous phrase that the time to buy is when the blood is running in the streets.
Well, now may be just such a time.

That at least is what I conclude by reviewing the advice of several of the contrarian newsletters that I monitor....MORE