Truly a Stockpicker's Market

This market was pretty erratic last week. I have heard various commentators speculate as to why the market is up or down on a given day. At best these are simply guesses. It appears that the market is searching for direction.

Stocks are nowhere near their highs of a year ago and are well off their lows from March of this year. While there are some examples of stocks that are trading too high and some are too low; Could it be that most stocks are not overvalued or undervalued but are at their appropriate valuations?

This is truly a stock picker's market because there just aren’t that too many screaming buys out there. It is difficult to find many stocks that appear to be undervalued on their current earnings basis.

Comments

[BlueOkie]

Rambling

2009 Jun 28 09:22 AM

[mdpath]

This is truly a useless post! Its always been a stockpickers market.

2009 Jun 28 11:57 AM

[Subhankar]

I'm reminded of Mark Twain's quote about why it is sometimes better to remain silent.

2009 Jun 29 02:19 AM