Three Names I'm Buying Despite The Market Being Overvalued
If you focus hard enough on your computer screen, you almost won't even notice the world going up in flames outside your window. How 'bout that?
Monday was an ugly day for markets, helped along by Vladimir Putin taking a leak on the country's existing strategic nuclear arms treaty like Coach Lou Brown did to Roger Dorn's contract in Major League.
The selling was orderly, still, and the major indices finished down about 2% each - all seemingly still unaware that the bond market is in the midst of a major malfunction and the nation, as well as its constituents, appear to be bankrupt. Ho hum.
On Monday I bought three names - one familiar to my readers and the others I have yet to mention before today. All are names I would buy if the broader market dragged them down further and all are names I see as values and as hedges against the geopolitical shit sandwich that is playing out. As a quick mid-article disclaimer, I am often wrong and this is not a recommendation to buy anything.