Don't Wrestle With These Stocks

It's no secret that I find this market more than a little scary. This is mostly a result of very few new opportunities to put money to work in cheap stocks, which has always been something of a red flag to me. But the current mixed bag of economic reports, rising interest rates and poor earnings and guidance adds fuel to my uneasiness. The fact that some of the greatest investors of my lifetime, like Wilbur Ross, Sam Zell and Seth Klarman, have made cautious if not outright negative views on the market in recent months does not do much to add to my comfort level.

I'm not a market-timer by any stretch, and I don't make market calls or suggest going to cash or shorting the indices. That is not my style, and I am not very good at it. Most of my time is spent kicking over rocks in dark corners of the securities markets looking for stocks and bonds to buy regardless of market conditions. If I find something cheap enough that passes my margin of safety checks, I buy it regardless of what the market is doing. But I am pretty good at finding stocks that are overvalued and are best avoided by investors....493 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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