The Wall of Worry is Intact – Market Keeps Climbing

Jordan Kimmel |

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I encourage my sons to read the daily newspaper. I want them to be aware of current events. I suggest you read the papers too - just do not make your investments based on them!

Profit by Looking Past the Doom and Gloom

Pay heed to the old Wall Street expression, “You pay a dear price for a rosy scenario.” When the crowd is scared and nervous, they hold back their investments and wait for better times. Ask yourself the question- do you sense the overall public to be optimistic or pessimistic about the stock market? All I hear are problems- ISIS terrorism, Ebola, the Euro collapsing- that is enough for most to hide in the basement. Invest for the long-term- forget about it!

I am not always bullish on the stock market, nor am I bullish on all stocks. I have and continue to stress careful stock selection. I use my proprietary Magnet® Stock Selection Process to isolate companies that are showing rapid revenue growth, rapid profit margin acceleration, and are producing strong cash flow. When I can find companies like this that trade at a discount to their growth rate and are under accumulation it is easy to tune out the noise. The good news is- we see plenty of ideas right now!

I always use the Wall of Worry as one of my guides. Valuation is the other. From my view, I am comfortable owning the best Magnet® and FACTS® stocks while everyone else is still expecting gloom and doom. When I can see over The Wall of Worry…I’ll be letting you know that too! For now, I think we are in a market that wants to keep on climbing.

Longs- (LCI) , (VDSI) , (FRGI)

By Jordan Kimmel, Chief Investment Officer at Investview, Inc. (INVU). 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
LCI Lannett Co Inc 24.20 0.60 2.54 884,415
FRGI Fiesta Restaurant Group Inc. 29.85 1.50 5.29 1,317,812
VDSI VASCO Data Security International Inc. 13.95 0.20 1.45 201,319

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