With the Standard & Poor’s 500, a broad gauge of North America stocks, hitting all-time highs on a daily basis, the markets appear both euphoric and nervous all at once. The former however, continues to rule the day.
Many investors are sitting on excellent gains, and with the Street wrongly selling individuals on a “traders mentality” (to the benefit of the financial industry alone), we do not blame individuals who nervously look at their portfolios on a daily basis despite the gains.
The bitter taste of the 2008 credit crash lingers, but we do see it fading. This contributes to our cautious stance. But we do see value in some very select situations and today, we update our Cash Rich Stocks from our Small-Cap Portfolio and add a couple new BUY recommendations.
