Thanks for Mr. Bernanke and the Feds, the US stock markets survived just a minor drop today after slipping almost 5% at the open. At the close, the Dow only lost 1.06%, the NASDAQ lost 2.04% and the S&P 500 lost 1.11%.

Some may panic and start selling but this is a good time to shop for bargains. Some of the stocks I’m keeping an eye on include Freeport-McMoran (NYSE:FCX) which currently has a P/E of just 8.9 earning $9.17 per share.

Looks like Apple shares will drop when the market opens tomorrow morning based on earnings that did not beat expectations. The P/E for AAPL is quite high but then it’s a tech stock. So if you have faith in Mr. Jobs and company, then this may be a good time to get in on it.

Men’s Wearhouse (”You’ll like the way you look, I guarantee it!”) (NYSE:MW) also looks good with a P/E of 6.28 and has good fundamentals. The management is actively buying back shares to reduce the number of outstanding shares. They also have a large market share for tuxedo rentals - something that should be recession proof. People get married all the time, right?

Disclaimer: None of this should be taken as investment advice. Please consult your own financial professional before you invest your money. These are just my views.

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