Tag Archives: penny stocks

how bad is it out there? real bad.

Last week, USA Today reported that an unbelievable 359 stocks on major exchanges are now below one dollar, up from 222 just two months ago. To put that number in perspective, twenty years ago only 60 stocks on major exchanges were “hat sized,” or trading for fractions of a buck. At the end of 2008, during the worst depths of the financial crisis, there were only 242 sub-$1 stocks:

Continue reading