Well, we all knew this was coming. The stock market is not now and neve has been a one-way road. Despite Tuesday’s big bounce, stock prices have fallen significantly for the first time in many months. For some, brand new to the market, this probably represents their first chance ever to buy on a pullback. Alas, it would only be one in one-hundred new investors who had the perspicacity to hold some funds in reserve while stocks were racing higher each day.
So, how far has the market fallen? Well, put it this way: stocks aren’t cheap, but they are, at least, back at the high-end of the normal trading range. For the first time in months, the average P/E Ratio of S&P 500 stocks is below 25. That’s not so high that it should deter anyone from making a stock buy if the buy looks good otherwise.
We’ll start today by getting the most obvious buys out of the way, then progressing to a couple you might not have thought of and finishing up with one you’ve probably never heard of. Remember to treat these ideas as just that, ideas, and do your own research before investing.