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Contrarian Investing:
November 21st, 2008
Consider this...
At one point in the stock market's recent selloff... a full 45% of its value vanished. It was as if somehow American businesses were suddenly worth $8.1 trillion less than they were 12 months ago.
That is the cold, dark and irrational fear the markets are reflecting these days.
In fact, according to TrimTabs Investment Research, the market's brutal sell-off turned into a virtual stampede as nervous retail investors headed for the doors and the VIX indicator screamed higher.
But it's also the opportunity of a lifetime for contrarian investors... to bet against the crowd with every scary market drop.
After all, wealth creation actually involves owning something rather than nothing. There is no substitute. That's how real wealth is made in the markets.
That's why right now is the precise time to bargain hunt, as we reach the point of stock market capitulation.
Wealth Daily Editor Brian Hicks, featured guest on Your World With Neil Cavuto
In our new report, we share our favorite blue chip stock... one you should add to your portfolio immediately. At current share price levels, you can bet it's at the top of every contrarian investor's cherry-pick list.
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