Market Still Has 'Pockets of Value'

As I noted yesterday, I am of the view that the market will have a hard time breaking out of its recent narrow trading range this summer and there are some bubbles forming in the market as well as some signs that equities are much nearer a top than a bottom. As projected, the market had a nice rally on Monday as Europe appears poised to kick the Greece mess down the road at least one more time. It will be interesting to see whether the market builds on this strength or if the rally fades by the end of the week.

Although I am not sanguine on equities at these valuation levels, I am still finding some "pockets of value" within the overall market, although downright bargains are becoming harder to find recently. I have mentioned a few times in comments recently that financials and homebuilders look like they could outperform the market in the second half of the year....384 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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