Over 100 Blue Chips Now Selling for Under $10

Could this the new indicator of when to buy stocks?

"No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share. In all, the group makes up the greatest number of sub-$10 stocks in the index in at least 28 years, said Howard Silverblatt, senior index analyst at Standard & Poor's. In fact, Silverblatt said it could be the most in the post-World-War II era, though he cautioned that his data reaches only as far back as 1980."

http://biz.yahoo.com/rb/081119/business_us_sp_10bucks.html