Shades of 2000: Opportunities exist in most "sectors"... S & P 500 down just 2.4% from All Time High Levels
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 upward volatility to capture all reasonable profits, particularly on high-priced issues.
Opportunities to put "Smart Cash" back to work shrunk in October, particularly in the energy sector, but this five month pause from new all time highs is mostly a function of lower oil prices world wide... a major correction is still out there.
ACTION ALERT: Continue to increase yields and reduce cost basis in the "income bucket", where prices had their best month in years... but remain well below 2012 levels. Taxable and tax "equivalent' yields remain around 8%.
What's that all about? Check your copy of "Brainwashing" or contact Steve at the number provided below.
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