Many stocks near 52-week lows are great bargains now. Downside is finally reaching a short-term bottom now that tax-loss selling for 2007 is wrapping up. Caution is still warranted as not all stocks near 52-week lows are considered worthy of purchasing.
Continued caution is still warranted for home builders, mortgage insurers, and airlines and transportation companies dependent on cheap financing and low energy prices.
Retailers can be selected cautiously given how beaten down they are.
International firms and cyclicals with high international exposure are still favored areas for purchasing beaten down names right now.
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