We can speculate, but you and I simply do not know how Europe will play out…
We can speculate, but you and I simply do not know how close the US will come to the “fiscal cliff”…
We can speculate, but you and I simply do not know whether the Fed will announce QE3, or the like, in the weeks to come…
We can speculate, but you and I simply do not know to what extent all the recent money printing will equate to future inflation…
We can speculate, but you and I simply do not know whether we’re on the verge of the next great recession or a bull market for the ages…
We can speculate till the cows come home, but there’s simply too many moving parts for you and I (or anyone else) to ever know precisely what’s to come. Anyone who would suggest otherwise is fooling themselves – and trying to fool you…
But here’s one thing we do know:
Historically speaking, the times to buy (and therefore hold) stocks are the times of great uncertainty. The times when they’re cheap. The times, in essence, when no one else wants them.
TODAY’S MESSAGE: NEVER CONFUSE VOLATILITY WITH LOSS!
Here’s my down and dirty scribble on that topic: