Pounce on the Anointed Ones

Right about now, every single year, the market anoints stocks. The anointed stocks are those that get bought at every single dip between this juncture and the end of the year.

Before I give you the dozen stocks that I believe are being anointed right now, let me just say that I hate the anointment process. It was something that was paid no attention when I was working at Goldman Sachs (GS) in the early 1980s, and I didn't even see it happening in the late '80s, when I started my hedge fund. But, beginning in 1990, I saw the pattern. Growth-stock managers just couldn't resist. They simply picked the stocks they liked and wouldn't let them come in. They did it in part because they knew they could get away with it, and in part because they would value the stocks on the "out-years," meaning out three and four years from that time. They could make up any old estimate for those periods and decide it had gravitas....1325 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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