Hello advalorem,
In this market, value is as hard to identify as growth. Mostly I prefer GAARP (growth at a reasonable price) stocks, but the definition of growth these days is truly anyone's guess. <g>
I've been watching some retailing stocks (Claire's Stores CLE, Cost Plus CPWM, Dollar Tree Stores DLTR, Lowes LOW, Fossil FOSL), medical sectors (Boston Scientific BSX, Orthodontic Centers OCA, MedImmune MEDI), gaming (MGM Mirage MGG), and the entire restaurant industry, but nothing that I would classify as truly great value or growth. There's nothing that excites me enough at the moment to make me move from cash to risk. There seems to be no safe havens for now. Tech is a wreck and that takes away at least 50% of the growth oriented stocks I used to watch. Anything that might be considered a defensive play in a bear market has already experienced substantial recent price rises, and I'm not going to pay a premium for safety. So I'll stay in cash or cash equivalents until I sense a change in market conditions. I'm not going to speculate that maybe the market will recover in the third/fourth quarters, or even next year. I want some solid evidence that a recovery is underway. Cash isn't great, but it surely beats losses, on paper or otherwise.
KJC |
