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Strategies & Market Trends : Value Investing

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To: Walter Bagehot who wrote (41385)	2/10/2011 11:57:51 PM
From: Jurgis Bekepuris	Read Replies (1) of 78746

I don't think that markets are in cloud cuckoo land. I think they are in the Value Investor's no-man's-land though. I.e. we are not in crash cheap area anymore and we are not in the bubble where everything is super expensive. But we are way up from lows and value investors don't want or like to chase stocks up. We are on the wall of worry: should we buy stocks that are still somewhat cheap or should we wait for correction? It's hard to pay up for stock that was 10-20% cheaper couple months ago, so there's a lot of self-justification for not buying because "stocks are not so cheap anymore". Since I see a lot of megacaps at pretty cheap valuations, I think that market will continue to climb. I am not a market timer or random event prognosticator, so I don't know if it will climb pretty straight or if we are going to get a correction like last year. I have some cash and positive cash flow, so I mix "paying up" for some stocks with holding cash for possible better opportunities. Not sure this answers your question and concern. :)

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