The Bargain Bin Is Getting Crammed
Wednesday marked the sixth consecutive decline for the Dow, making this the longest losing streak since last summer. The global economy is still in pendulum mode. After a major rally that defied the lingering economic hurdles, the U.S. market has pulled back sharply over the last week despite data -- on both the domestic and international front -- that have actually been somewhat encouraging.
Just about every risky asset class has been hit hard over the past week or so. Stock markets around the globe have been hammered as concerns about the eurozone have intensified. But some have fared far worse than others during the free fall and, after a streak of red, some of the best buying opportunities will be found among the laggards. Examining the biggest losers from the month of May so far, a couple of ETFs stand out as attractive bargain purchases now:...308 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.