General Discussion
In reply to the discussion: looks like wall street is punishing america for choosing Obama. dow... -302 [View all]coalition_unwilling
(14,180 posts)buy high-quality stocks and low-cost mutual funds at a 1-2% discount. Apple has fallen about 15% off its all-time high of $700/share, for example, but is down another 3% today for no material reason that I can see other than that Capital has gone on strike. But does anyone here doubt any longer that Apple as a brand and cash generator has staying power and solid growth prospects?
The DOW doubled, yes DOUBLED, from 2009-2012. So Capital's little fit of pique today needs to be placed in a larger, longer-term context.
Unless you think that we are heading into another recession (most economists do not), there's good reason to diversify into stocks. And today there's a one-day sale. When the capitalists are selling is when we liberals should be buying (and, to a lesser but still significant extent, vice versa).