Shopping for Bargains

After more than three months of a continuous rising tide, the market is finally experiencing some volatility. Monday and Wednesday have produced two of worst performances of 2013 for the major indices. Concerns about slowing growth in China continue to hit the commodity complex; copper is at a 52-week low, gold and silver prices have collapsed and the materials and energy sectors have declined significantly.

I have been underweight the consumer discretionary sector this year because I have been waiting to see what negative impacts the payroll tax expiration and various tax hikes would have on consumer spending. Although I still believe those events will provide some headwinds going forward, spending has held up relatively well....435 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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