When thinking about the current state of the market, forget about bulls and bears and think slacker.
You know, the type of young person living at home with his parents -- usually a guy -- who spends his days sitting on the coach playing video games in his underwear and whining about his lot in life. Like this annoying protagonist, the stock market doesn't know what it wants to do, surging from irrational exuberance to manic depression in the blink of an eye.
Uncertainty abounds over the subprime mortgage meltdown, retail sales, and whether Lindsey Lohan's latest stint in rehab will take. (Okay, that's what I am uncertain about). But remember that some smart person once said that without risk, there is no reward, and that markets don't act crazy forever. Until the market takes a huge chill pill, there are many stocks out there that are too cheap too ignore -- some of which I discuss in this video.
Among the stocks I like is Walt Disney Co. (NYSE: DIS). It trades at a ridiculously low multiple to its peers and continues to pull rabbits -- such as "High School Musical" -- out of its hat year after year. Plus, with the dollar being weak, the U.S. becomes an attractive tourist destination for foreigners. That's good news for Walt Disney World and Disneyland.
United Technologies Corp. (NYSE: UTX), whose stock has gotten pounded lately despite posting solid earnings, is worth considering. Bold types should consider Comcast Corp. (NASDAQ: CMCSA), which is hated by Wall Street even though its cash flow generation is strong, and JPMorgan Chase Co. (NYSE: JPM) seems to have its subprime problems under control. If any Wall Street CEO can ride this tsunami, it's Jamie Dimon.
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