What a Time to Be a Value Investor

July 6, 2008

Todd Kenyon submits:
It’s a value bonanza out there!Aren’t you feeling joyous about the
stock market? If you’re a value investor, you should be. If however
you’re a normal human being you are probably in a deep state of
depression.

There
is simply nothing to be optimistic about right now. Times are tough and
look to be getting nothing but tougher. Forget about the quarter, let’s
look at year to date stock performance.

It’s awful. We all know why, there is no need to spend much time on the
contributing factors: energy prices, commodity prices, credit crunch,
and housing crisis. If you have been brave (stupid?) enough to buy
stocks this year (excluding energy or commodity related stocks) you
have likely lost notable amounts of money. I know I have.

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