Daily MarketWrap

Daily MarketWrap: " Robert Rodriguez, one of the best performing money managers during the last decade, has 20% of his stock fund in cash and bonds because he can't find U.S. shares that are cheap enough to buy. Rodriguez is a value investor who said he bought stocks for eight to ten times earnings earlier this year, and is unwilling to pay double those multiples today. However, he has been buying some energy service stocks, like Patterson UTI, Ensco, and National Oil Well. He is positive on the price of natural gas for the next several years."