PUBGY - I Love Bear Markets - Look At All The Value It Has Brought Us Part 1
Introduction
Although most investors hate bearish stock market activity, value investors - like yours truly - relish them. Moreover, bearish market activity becomes especially welcome after extended periods of high valuation like we have been experiencing since calendar-year 2014. High valuations make it very difficult for value investors to find attractive common stock investments. Consequently, a nice dose of bear market activity brings welcome relief as a result of previously overvalued stocks becoming viable investments again.
However, it is also important to point out that, as I customarily do, it is a market of stocks