I would like to apologize to @pleasecallme for diverting from his/her topic and hijacking his/her thread...
Three things to look at to know whether to buy!
1. Single digit P/E
2. Dividend yield above 5%
3. Trading below or slightly above book value..
If you see a stock that satisfies at least 2 of the three that's probably the one to buy!
p.s: cheap stocks can continue getting cheaper and vice versa!
Mark 12:29
Deuteronomy 4:16