There are some unbearable values in certain equities, considering the fear in the markets yesterday, and the indications that recovery is on the way, mid-day. Following are some thoughts going across my mind as to drivers determining where to place some monies.
- Summer is low volume and the fall will be better in volume and optimism.
- Economy is not going to collapse. See this view by Roger Nausbaum.
- China is slowing down, but will still grow by 7-8%.
- Fear always drops the stock price quickly, while rises back will be slow. However, the price drop is overdone, so there are values out there.
- Revision to the mean, may mean the probabilities are with the optimistic buyer.
Buy for Revision to the Mean
The world is not falling into another recession.
Still a China Bull at Heart
Three times leverage to large cap Chinese issues that consists of mainly financial companies traded on the American exchanges.
The World Needs Iron and Coal
Well run ambitious company with iron and coal assets in U.S. and Australia, diversified to U.S. and Asia.
Come Heat or High Water the Casinos Prosper
The title says it all.
Growing Producer in Gold Sector
Yes, there are many values in the markets presently with the recent sell off. Above are certain ones, that I consider relatively secure and good values.
Disclosure: The author may purchase XIV, YINN, CLF, BYD, GBG within the next 72 hours.
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