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Ben Carlson: Looking For Stock Market Buying Opportunities? There’s Always A Bear Market Somewhere

FYI: Things are pretty good for investors at the moment. The S&P 500 continues to hit new high after new high in 2019. The gains this year have more than made up for the nearly 20% loss near the end of last year. While U.S. markets have outperformed handily on a relative basis during this cycle, foreign stocks have officially joined the party, with the MSCI All-Country World Index breaking out to new highs this year as well.

New highs are great for those holding stocks in their portfolio but there is a downside when stocks seemingly do nothing but rise. Anyone who's been holding cash waiting for lower prices and a better entry point or those with new savings to deploy into the markets have had to do so at higher and higher prices. Rising prices are a catch-22 in that they're a welcome sign for current returns but almost certainly detract from expected returns, given that dividend yields and valuations tend to rise when markets move higher.

The good thing for investors who are more comfortable buying when there's blood in the streets is there will always be a bear market somewhere, even when the broad stock market is killing it. Here are three areas of the market that have been left behind to some extent during this bull market:
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