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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (35059)	8/9/2009 12:24:23 PM
From: Paul Senior	Read Replies (2) of 78748

For sure the bargains - the prices anyway - aren't available now that they generally were a few months ago. For me, that makes it difficult to step in for bigger commitments. "OT ive spents a couple of hours this am reading negative posts about how this market is completely irrational and how its been manipulated by the powers that be and that its going up on low volume. Not one poster is saying that the market is undervalued or worth investing in." From your link, it seems the irrationality is caused by the disconnect between the economy -- lots of indicators of continuing downtrend -- vs. the stock market -- which is moving up or has moved up very strongly. It seems to me that the people who say irrational are the people who can't figure out why this is, so they have to concluded the market move must be irrational. I wonder if the people who are saying now that the market is not undervalued or not worth investing in, were of the same opinion in March and they did not buy stocks then either when the market was so much lower. If not in March lows, then at what point would such naysayers invest? Anyway, I have to have a similar opinion with people who NOW are saying that it's difficult to find or recognize undervalued stocks. This must be so for me because I am holding more cash now than I ever have. Large relative amounts in almost all my portfolios. Not so much because I am scared (which I am), but because I just cannot find stocks that I want to buy. And if I do buy something or just with what I already hold, I am not willing to make big $$ commitments. --- Have been selling down strongly my oil/gas stocks. OXY - first sales in nine years. CHV first ever sales in core position. (Both among largest holdings in my main ira) Selling some oil service providers. Result has been to free up cash. Although I'm having trouble finding undervalued stocks in which to invest, that doesn't mean I'm not buying. There are gaarp stocks and some speculative stocks in which I'm willing to make small purchases.

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