TWO DRUG STORES TO BUY DESPITE THE MARKET BEING HIGH $RAD $WAG
The stock market is near all-time highs, and this poses a challenge for the long-term conservative investors in stock selection. Conservative investors have piled into staples and utilities. The thinking goes that people have to eat, use gas and electricity no matter what happens to the economy. Further, investors think that these stocks provide a margin of safety because of their high dividends. Here are two flaws in the foregoing reasoning. The Federal Reserve policies have kept interest rates artificially low. Wednesday after the FOMC meeting, the end of the government’s quantitative-easing program was announced. Over a period of time,