Gone Bottom-Fishin'

Ben Bernanke is saying exactly what the market wants to hear.  The Fed will remain highly accommodative as long as needed, there is no inflation and he even expressed concern about tightening too early. You would think that this policy means that the economy is really bad, but the Fed chief says that real estate has been improving while employment is still struggling. Overall, these comments are exactly what has been driving the market for years and there doesn't seem to be any end in sight.

The buyers have us at another new high and the biggest worry continues to be underinvestment. I am working hard to put more money to work but it isn't easy. I've bottom-fished Walter Energy (WLT), which has had big insider buy recently and is turning higher. A couple of low-priced names of interest include Phoenix New Media (FENG), L&L Energy (LLEN) and Comstock Holding (CHCI).  My Stock of the Week, Revolution Lighting Technologies (RVLT), has had a big seller sitting on it despite good news about the growth of LED lighting. The stock is acting better this morning and I may add if it closes well....580 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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