There are two negative factors at work to make me think that is hopefull.
Firstly, the big sector rotation away from growth stocks (high PE companies) is ramping up and reaching its crescendo Only the strong will survive...
Secondly, BAL was the poster child
of this doom/bubble and as such this extreamly negative result marks the end of the boom and the start of the bust IMO. The ship is sinking, don't order more champagne. All booms come to an end. Think high tech, think mining...The good companies survived, but it takes a long time to get back the losses.
So yes, there might be a bounce, but the world these stock live in has changed and the good times are over! Invest with a long, long term view and average out over several months is my advice...
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