Where the Bargains Are

I have said a thousand times that I do not predict market action, but it is hard to deny that it has been a tad ugly the past few weeks. The stock market has fallen more than 5% from the highs and interest rates have been moving up on the long end of the curve. Observers are split between two camps. We are either on the verge of a total 1987-style crash or this is a great buying opportunity. The crash camp seems to be growing but, as usual, I have no idea which theory is correct. If history can be relied on as a guide, the truth falls between the two extremes.

This morning I looked at a list of stocks trading down and at or near new 52-weeks lows. If this is a huge inventory-creation event, this is where the bargains will make their first appearance. Over the years, I have found that careful study of the new-low list provides not only stock ideas but clues to what is going on in the world and the financial markets. I looked specifically for stocks that have fallen to the point that they are now trading for less than book or asset value to see if there any bargains worth considering....476 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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