July addendum

Here is a link to an informative blog which you might enjoy;



http://seekingalpha.com/instablog/5038891-interesting-times/3076305-interesting-times-for-all-commodities-and-investments-chapter-73

Earnings week this week-about 1/3 of the S+P reports earnings. Between that and the turmoil with a passenger plane being shot down and mid east problems we could be in for a rough ride this week.

July Activity - Good Deals Scarce

Even after the feds announced plans to end bond purchases in October, the market still went higher. Personally I was hoping for a pullback so at least I could sell some puts. I did sell one on DE strike $85 a few weeks ago. But it is difficult to spot a good deal now. VLO recently took a big hit but refineries are unpredictable and risky. I plan to hold cash this summer and save each month for the inevitable pullback. I'll be looking for deep value and put selling on businesses I have been watching-OHI, HCP, ED, possibly PFE, TGT or WMT although retailers face stiff online headwinds.

Here is a quote from Tim (see sidebar) that sums it all up in a way anyone, myself included, can understand;

On a relative basis, I'd think about it this way. There are plenty of companies that you can identify as growing north of 10% over the medium term. The trickier part, particularly here in 2014, is finding a company trading at a discount to fair value so you can benefit from P/E expansion as well. 

Thanks for stopping by..