Dynamic Cardioid

What is a good microphone comparable to the Shure SM58 for $50 or less?

I am looking for a versatile microphone to serve as a both a studio mic and a live performance mic. I have read great things about the Shure SM58 and would like something comparable for a lower price, something in the vicinity of $50. I am on a very tight budget but really want to get vocals recorded and have the ability to perform live.

You have many choices now for great mics that sound as good as an SM58. The SM58 is actually a pretty average mic.

http://www.amazon.com/Behringer-XM8500-Handheld-Cardioid-Microphone/dp/B001CRSYJ4/ref=sr_1_3?ie=UTF8&s=musical-instruments&qid=1299078640&sr=1-3

or

http://www.amazon.com/Samson-Dynamic-Cardioid-Handheld-Microphones/dp/B000IJ9GU8/ref=sr_1_2?ie=UTF8&s=musical-instruments&qid=1299078736&sr=1-2

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