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These Value Funds Have Cash at the Ready

Several analyst-approved names stand poised to take advantage if the market heads south.

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As we near the end of 2013, bullish investors may already have their champagne on ice in anticipation of celebrating an unusually strong year for the market. Despite all the doom-and-gloom predictions about the sluggish economy and below-average long-term returns, stocks have jumped nearly 30% this year as measured by the S&P 500--far better than even many optimists predicted. A finish near that level would mark 2013 as the market's best year since at least 2003. 

That's not to suggest that we're in a bubble or that investors should think about abandoning stocks at the slightest hint of any popping sound. But it is enough to make one pause and think about where the market stands today as it heads toward one of its best annual gains in recent memory.

Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.