A Pair of Cautious Picks
"The cautious seldom err." – Confucius
It is difficult to be much of an optimist in a market where you cannot go five minutes watching Bloomberg or CNBC without hearing the phrase "fiscal cliff." Despite positive comments from leaders of both parties on Friday, I do not see this issue being resolved without several false starts that have the potential to sharply impact the market. I am being cautious by avoiding stocks that investors will likely be selling through the rest of the year in order to book the lower capital gains tax rates of 2012. I am also staying away from stocks that look stretched from a valuation perspective or are dependent on solid worldwide growth in 2013 which I view as a low probability event....351 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.
