NEW YORK (Real Money) -- So now that so many S&P names are down, you have a chance to set yourselves up right for an environment that is very unforgiving to those who don't move. I am talking about all the juicy stocks that are being thrown away right now that have no business being thrown away, and are only going down because they are a part of the S&P 500.
Now, don't get me started on how tired I am of these vast market downturns on some figure that hamstrings the Fed but could be weather-related, or could be strong dollar-related when the dollar has peaked, or weak oil-related as it dawns on people that energy may have bottomed. I am talking about the stocks that are clearly marked as winners no matter what, because they are domestic and because they do well precisely in this kind of environment.
In fact, it is beyond ridiculous to view of any these stocks as casualties, and I am begging you -- those of you with long enough memories -- to think back to the halcyon days of the early 1980s, before there were S&P futures, so you could just watch as the correct stocks were impacted by the macro and there was little to no collateral damage.
What's incredible is how many stocks there really are that get hammered, as if they are multinationals about to have big number cuts. In the interests of time and charts, I am just going to reel off the good ones, so you know exactly what I mean.