Some Quick Thoughts

My apologies about posting:  I'm having real problems right now getting the blog to do what I want it to do.  I did see this over at Crossing Wall Street and I think it needs to be considered in light of all of the negativity we currently have with the markets.


Goldman Sachs (GS) has traded as low as $129.50 today. Their book value is $128.33.
Morgan Stanley (MS) is now 17% below its book value.
A two-year US Treasury will yield you about 0.5%. One share of Johnson & Johnson (JNJ) yields about seven times that.

Link:  Crossing Wall Street
 
Long Shares of JNJ in one client account.

PS:   The yield of the S&P 500 is now over 2% as well.