What's the best stock in the world?
That's the criteria I use when I'm making a stock purchase. Out of all the thousands of choices available, I always believe that the stock I'm purchasing has the highest profit potential of nearly anything else available.
I've cashed in some lucky bottom picks I made a few months back and am sitting on a little loose change that needs a home. I've looked through my watchlist and come up empty. There isn't a single company of the hundreds I follow that I'm excited about. Nearly everything is overbought. It's feels to me like it's time to sell down further and look to start setting up some short positions. That's my take on the big picture for what it's worth.
So, while I'm sitting around with the hypothesis that the market is going to top out short-term in the next few weeks, I've realized that I really need to refresh my portfolio of good ideas for when things get affordable and attractive again. Do you have any? In your opinion, what's going to be the best stock in the world to pick up if the market flushes out some bad news before the end of the year? or even if it doesn't?