It's common to hear that the market is frothy. Look no further for confirmation than today's big gainers, which include a handful poised to benefit from a transportation safety bill approved by both houses of Congress. There is one potential roadblock, though. President Bush has threatened a veto.
That didn't prevent Trans-Industries
Struggling to keep pace, transportation and surveillance company Digital Recorders
Off the roadway, security company International Electronics
True, it is an up market -- and, yes, an up market produces frothy gains. But when you have powerhouse earners like Microsoft
Big moves are exciting, but beware. Chasing winners in a flight from quality can be dangerous. For investors willing to do their homework, there is still value in the market -- it's just that with all the noise, it's getting harder and harder to focus.
For those looking for market-beating returns without uncommon risk, there's Motley Fool Hidden Gems -- an oasis in frothy times.
Fool contributor W.D. Crotty does not own stock in any of the companies mentioned but is awe-struck by the gains today.