Market Crash?: 3 Financial Stocks I'd Buy Hand Over Fist
These are strong stocks ready for a market plunge, but they don't look like bargains today.
Overview
Is a market crash coming? That's a trick question. Because a market crash is almost certainly coming at some point, although no one can predict exactly when.
The reason it's pertinent right now is that the market looks very rich, which can signal a crash coming sooner rather than later. The Shiller or CAPE ratio, which is the average S&P 500 price-to-earnings (P/E) ratio adjusted for inflation, at almost 42 has only been higher than it is today once in history, and that was followed by a market crash and three years of losses.
Details
Investors should really be prepared at all times for the eventuality of a market crash with a diversified portfolio that includes safe stocks. You should also be prepared to pick up excellent bargains. JPMorgan Chase (NYSE: JPM), Visa (NYSE: V), and Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) are three stocks to buy hand over fist in the event of a market crash.
Source
Originally published at www.fool.com.