IGVSI buying opportunities exist in most "sectors"... S & P 500 & IGVSI up just 20% from Financial Crisis Loes
Asset Management, Aerospace/Defense, Energy, Banks, Credit Services, Utilities, Health Care, Sporting Goods, Agriculture, Chemicals, Grocery, Retail, Heavy Construction, Lodging, Banking, Railroads, Textiles, Machinery & Equipment, Finance, Home Furnishings, Leasing Services, Rubber & Plastics
The Bargain Stock Monitor is one of three market statistics used as performance expectation analyzers for MCIM Portfolios.
It is developed from the Month End Value Stock Watchlist screening program and identifies Investment Grade Value Stocks trading at least 15% below their 52-week high.
Candidates must also meet the price selection criteria outlined in The Brainwashing Of The American Investor.
The "15% down" break-point allows you to keep your eye on "Bull Pen" items.
The fewer IGVSI equities at bargain prices, the stronger the market as "Smart Cash" accumulates in the equity bucket of your portfolio. As the list of bargain stocks grows (indicating market weakness), portfolio "Smart Cash" should be finding its way back into underpriced opportunities.
You should be using market volatility to capture all reasonable profits, while you pounce on new buying opportunities.
Opportunities to put "Smart Cash" back to work have expanded in 2016, but this eight month pause from new all time highs is much less than a major correction. Stil, nearly half the IGVSI universe is down an average 30% from 52-week high levels... the biggest correction since mid-2011.
ACTION ALERT: Profits are available in the tax free CEF arena and taxable CEFs have strengthened considerably. Still, both have a long way to go to match 2012 levels. Tax free yields above 6% are becoming scarce; taxable yields remain very high. Both are holding (gaining) market value while the stock market wavers... this is normal behavior.
Don't avoid taking profits and call "the doctor" if you don't know how to reinvest advantageously.
What's that all about? Check your copy of "Brainwashing" or contact Steve at the number provided below.
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