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Bergmann & Co International - Bargain Hunting For The Brave.
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Posted On :
Aug-29-2011
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Article Word Count :
439
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Bergmann & Co International: Long-term investors are quietly snapping up stocks at attractive prices after last week’s huge falls.
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Bergmann & Co International has advised its clients to put their “dry powder” to good use after the most turbulent week in the financial markets since the financial crisis.
Stocks on bourses around the world fell as fears over economic growth and sovereign debt frightened investors into seeking shelter in safe-haven investments like bonds and gold.
The main New York stock market fell through the psychologically important 10,000 level and the London exchange was also down sharply as global markets were rattled by news that sales of previously owned US homes dropped by a record 27% last month.
Oil prices went into reverse and commodities declined as traders digested the news that the world's largest economy was a long way from recovery and could slip back into recession.
“Sell offs like these tend to get a little overdone with indices usually overshooting to the downside and, consequently, there are often fantastic opportunities to acquire great stocks at attractive valuations,” said Stephen Walker, who heads up equity research at “Bergmann & Co International”.
The firm said it had notified clients of a number of stocks that had fallen between 15 and 20% which it was adding to its conviction buy list on the strength of price and fundamental good value.
“Some stocks that we liked were a little too pricey for us before the rout but by Thursday, we were buying with both hands. These aren’t flash-in-the-pan type stocks; they’re all solid, long-term performers in technology, mining and energy, They’re just babies that got thrown out with the bathwater,” said an Bergmann & Co International dealer.
The firm said it is advising against speculative forays into equity markets at this time citing excessive volatility.
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Bergmann & Co International: Long-term investors are quietly snapping up stocks at attractive prices after last week’s huge falls.
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Article Source :
http://www.articleseen.com/Article_Bergmann & Co International - Bargain Hunting For The Brave._77783.aspx
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Author Resource :
http://www.bergmannco-international.com
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Keywords :
Bergmann & Co International, Bergmann Co International, Bergmann,
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Arts and Entertainment
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Arts and Entertainment
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