Stocks at 'fire sale' prices

It's been an ugly few weeks on Wall Street. Stocks have fallen far and fast. But all the panic selling has created a sweet buying opportunity for some companies, according to investment experts. Stocks have tumbled 15% during the last month, and are down almost 20% from the year's highest level reached in April. The losses suffered during two of the last four trading sessions have been the worst since the 2008 financial crisis.

Following that slide, stocks are trading at a deep discount -- about 12 times forward earnings. Not only is that compelling on a historical basis, but it's also at a time when companies are delivering strong earnings and have a record amount of cash on their balance sheets, noted Doug Cote, chief market strategist at ING Investment Management.

Source: CNN

Related Articles:
- 10 Best U.S. Dividend Stocks
- Three Dividend Stocks With A Perfect Risk Score
- Protecting Your Dollars With Foreign Currency
- How To Maximize Your Dividend Stocks' Earnings
- High Yield, High Risk Dividend Stocks