are stocks on sale

[Ombud]

Or is this the beginning of a correction? Not a market timer but sitting with 41% cash -- wondering when to get back in

[Deleted]

i am at 5% cash.....just dividend proceeds mostly

and yes....imo stocks are on sale at this point

especially large cap dividend payers.....

waiting for a few more days.....i think the missile strikes means another 2-3% down

after that i will add to existing companies.....

no new ones on my "to buy" list at this point

[Deleted]

The DOW is down 5+% from its highs so we are halfway to a correction already.

[Ombud]

My comfort zone is 10% cash but it went up to 41% in May & June when stops crossed. And yes I consider the inherited 5% interest rate CDs as cash. Not that I'll sell those on the secondary market yet

[Value Buy]

With the Middle East about to implode, and the USA about to attack Syria just for the heck of it, I would be cautious for another month.

[clarkrl2]

Many stocks that were cheap in 2009 are no longer cheap. When the mantra for the large cap dividend stocks switched from "large cap quality names are cheap" to "where else are you going to put your money" was when they ceased to be cheap.

An example is PG which has had compound annual earnings per share growth of just 1.18% since 2008. The trailing twelve month PE is 20.73. That is not cheap.

In my opinion, many stocks which were being bought for their yield are becoming richly valued. That is not to say they can't become even more richly valued but sooner or later the earnings will need to catch up to the price or the price will fall back to a more appropriate level for the earnings.

The S&P500 according to Yahoo Finance has a PE of 15.67 and a PEG of 1.67. Again this is not cheap. It isn't grossly over valued but generally speaking a PEG over 2 would be overpriced while a PEG under 1 is cheap. Using yesterday's closing prices 8 of the 30 Dow Industrials had a PEG over 2. (XOM, MRK, CVX, PFE, JNJ, KO, BAC, T). Only IBM and INTC had a PEG below 1. The median PEG of the 29 companies for which a PEG was available (HPQ did not have a PEG) was 1.5.

[Aman A.K.A. Ahamburger]

Aug 28, 2013 16:08:18 GMT -5 Value Buy said:

With the Middle East about to implode, and the USA about to attack Syria just for the heck of it, I would be cautious for another month.

.... at least.  Is this how you spell spreading?  I guess it all depends on how cells around the world will react, eh?.. Stay  .

Top Global Muslim Bloc Calls for “Decisive Action” Against Syria
Mosque Attack Prompts Unease in Sri Lanka
Monk accused of anti-Muslim Burmese campaign
CCTV footage of suspects in arson attack on Harlow mosque released by police
Man threw bacon in mosque attack

[Ombud]

Aug 28, 2013 18:24:41 GMT -5 clarkrl2 said:

Many stocks that were cheap in 2009 are no longer cheap.

I do miss C @ $1 & SBUX @ $8. We'll look back on those as the good old days

My screeners go for those with PEG under 1.6, paying out way less in dividends than earning (under 90% in REITs), 50 day crosses 200 day, volume over 200. But since it's both fundamental & technical, I use 2 screening tools. Would like to simplify to 1.