Opportunities appear in most "sectors":
Energy, Banks, Airlines, Utilities, Health Care, Personal Products, Agriculture, Chemicals, Paper, Retail, Heavy Construction, Banking, Finance, Railroads, Textiles
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 Book That Wall Street Does Not Want YOU To Read.
The "15% down" break-point allows you to keep your eye on "Bull Pen" items. (You really need to be familiar with the selection rules to get the most from the Bargain Stock Monitor and from the Watch List program.)
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 finding its way back into the market.
If you are following "the MCIM rules" properly, you should be using market volatility to capture all reasonable profits, particularly on high-priced issues.
Opportunities to put "Smart Cash" back to work have increased; move in slowly, just in case a seriously overdue correction has begun.
When it does:
a) Stick with MCIM buying guidelines;
b) Put your "smart cash" back to work;
c) Jump on any remaining gains;
d) Buy slowly, sell quickly.
ACTION ALERT: Continue to increase yields and reduce cost basis in the "income bucket".
Ironically, the S & P is down just 4% from ATH levels... sell your "worst "performers" and reload with new opportunities.
What's that all about? Check your copy of "Brainwashing" or contact an authorized Market Cycle Investment Management practitioner
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