Well, it seems to me that mostly everything is rather expensive, so perhaps that also means that the whole market is expensive. You are right, there are very few new ideas where I can say that something is really attractive. There were much more from 2009 (haha buyer's market) to 2013. Now, every time someone (like Barron's) mentions a stock, I look at it and it's expensive. Sure there are still some cigar butts, but I'm not that interested in them and never was. In Buffettology area, the few remaining cheapish stocks are old tech (although AAPL is probably the only one I'd buy still), banks and insurance cos. Sure, one or two odd ducks abroad that Spekulatius finds, like SMTUF. That's it.
So I bet on jockeys like Malone gang, Buffett gang, bank (Dimon) and insurance gangs (Prem Watsa and Markel plus hedgies Einhorn and Loeb).
If I had to buy non jockey stock right now, I'd be hard pressed. SMTUF maybe, AAPL maybe, CF maybe, BAMXY maybe.
Disclaimer: I may change my opinion and positions at any time. |
