Buying Opportunities

A common question today is with the market at record high levels, are there any stocks representing a good value and worth opening a position in now? One sector that seems to be at a relative good value now compared with a year ago is energy. An example would be Exxon Mobil which is paying a 3.2% dividend at the moment. CVX is over 4% and BP is even higher. But has oil bottomed? I believe that if it has not, it cannot fall much farther. This sector is at a relative value compared with the last 5 years. I am selling puts on XOM knowing that if they execute, I have picked up an excellent company at a decent valuation in a beaten down sector.