• DISCLAIMER: THE FOLLOWING "Cashin' In Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cashin' In Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.

    Stock Smarts

    It was a bloody October in Iraq, and until now, the market has rallied in the face of so much pain. But is the war finally starting to take its toll on stocks?

    Retired Army Colonel David Hunt, Fox News Military Analyst says it was indeed a terrible month in October in Iraq as we lost thirty-five soldiers there, but he believes that the U.S. decision to accelerate an Iraqi takeover plan will help stem the tide of violence. He believes that we will begin to see an improving situation there by the end of the year.

    Jonas Max Ferris of Maxfunds.com says the market had priced in a quick and decisive victory in Iraq, and as the post-war pain continues, a market reaction is inevitable. He believes we are about to see that post-war pain reflected in lower stock prices.

    Dagen McDowell of Fox Business News says that the Bush administration is acting aggressively to correct problems in Iraq, and the market will reflect that and continue to hang tough.

    Price Headley of Bigtrends.com points out that the while the market does pullback the morning after a bad day in Iraq, it tends to shrug off the bad news by the end of that trading day. That’s a bullish indicator. He says money managers have too much cash, and they have to invest it despite the post-war pain.

    Wayne Rogers of Wayne Rogers & Co. says the market is reacting to the economy and not Iraq right now.

    Joe Battipaglia of Ryan, Beck & Co. says the perception is that we are losing our way in Iraq, and that could cause investors’ confidence to roll over if that perception is not changed soon.

    Best Bet$: Bargain Stocks!

    Find a stock that has been beaten down for no good reason, and you have found a bargain! Our crew named their favorite bargain buys right now.

    Hilary's Bargain Stock: ConAgra Foods (CAG)

    52-week high: $26.30

    52-week low: $17.75

    Friday's close (11-14-03): $24.25

    Hilary says ConAgra is a great buy right now because it is misunderstood by Wall Street and selling way below what it’s worth. She cites insider buying as evidence of its attractive bargain price. Hilary owns shares in ConAgra. Joe says this stock has been a dog for a long time, and he thinks it still is a dog. Jonathan says this is a strong stock in a strong group, and he likes it.

    Price's Bargain Stock: Verizon (VZ)

    52-week high: $44.31

    52-week low: $31.10

    Friday's close (11-14-03): $32.61

    Price says Verizon will benefit from the rule that will allow cell phone users to take their phone numbers with them when they change service because it is the largest and best-positioned provider. That rule goes into effect on November 24. Price does not own Verizon yet, because he thinks it could trade a bit lower on tax-loss selling, and that’s when he plans to buy. Joe is concerned that the new rule will hurt Verizon by shrinking its home service and offset any benefit Verizon may see on the wireless end.

    Joe's Bargain Stock: LaBranche & Co. (LAB)

    52-week high: $30.66

    52-week low: $8.26