If you’re looking to buy . . .
“Trying to call the bottom in a stock market crash is a fool’s game,” says Brett Arends in The Wall Street Journal. But that said, there’s some “value out there in the market” now. First, avoid financial stocks, even if they look like a good value. Nobody knows what they’re worth, and they probably have farther to fall. But if you screen for companies selling for less than 14 times forecast earnings and carrying dividend yields of more than 4 percent, you get a group of reasonable-looking “top quality blue chips”—long on telecoms, oil, and utilities, but also including some tech and pharmaceutical stocks. It’s folly to try and “time” the market, but if you invest in good companies at good prices, “you will usually end up happy.”
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