Seeking Almost-Perfect Stocks

Sometime in the next 24 hours, we will hit Fed fever pitch as pundits and prognosticators attempt to guess the outcome of the Fed meeting. Everyone will be breathless to see if the Federal Open Market Committee's statement includes language about tapering or otherwise unwinding quantitative-easing programs.

My personal guess is that the committee has seen a chart of the bond market in the past few weeks and will tiptoe around the question to avoid spooking the markets. It is worth noting that my personal guess is just as worthless as all the other estimates, guesses and predictions that are floating around. I am in the cheap-stock business, not the wild market guessing game, so I will stick with my rock-kicking. If something extreme happens as a result of the Fed announcement, I will be in a position to react to it, but I am not making stock market wagers on what the Fed may or may not say on Wednesday....603 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

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.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.