TheStreet.com RealMoney
Cheap Keeps Getting Cheaper

By Tim Melvin

About this article:
I used to spend a great deal of my time investigating individual stocks. Throughout my career as an investor and in my previous life as a broker, I always found this to be one of the best possible ways to while away the hours. Back then, I expended very little energy looking at macroeconomic factors or day-to-day market movements. Once in a great while, I'd stick my head up and take a look around at broader factors, but it didn't really affect my stock selections. I miss those days. As the pace of activity from the Fed and Treasury began to exert a more frequent influence on the stock market over the past few years, the divvying up of my days has changed. Starting with the post-9/11 massive liquidity injection, it seemed to me that the economic activity and government responses began to exert a greater influence on...

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