Of Congress and Curveballs

If you are like me, you are tired of Washington D.C. dominating the stock market. The market is being held hostage by 535 people whose only real skill in life seems to be the ability to fool enough people into voting for them to gain job security. I try not to think about the fact that our budget and debt limitations are being debated by a group of folks that I probably would not hire to cut my lawn. While it is nice to see stocks higher today, it is ridiculous that the market is up just because a bunch of disagreeable people have decided to get together and talk about fixing the problems they created.

To escape the macro madness, I flipped the TV to the MLB Network and listened to playoff coverage instead of D.C. silliness while I ran screens to find bargains. The first screen looks for stocks that trade below book value and are within a few percentage points of a new 52-week low. In spite of the breathless predictions of catastrophe that have dominated financial media of late, the stock market is still just a few percentage points off a 52-week high, so the list is not particularly long....511 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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