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Keep Long-term Vision & Goals In Mind

11/1/2016
By Charles Payne, CEO & Principal Analyst

There are bears, and there are curmudgeons that have one thing in common- they’ve missed the rally that’s lifted equity markets substantially higher since January 20, 2009:

  • Dow Jones Industrial Average +120%
  • Standard & Poor’s 500 +150%
  • NASDAQ Composite +239% 

Bottom line: there were people that said the market would crash once the Fed announced an end to quantitative easing (QE), a program to buy U.S. debt and mortgage debt in an effort to free banks to lend money - the market didn't crash.

There was the talk of a market crash when the last of QE was removed-still, the market didn't crash.

Investors are always eager to attempt to pinpoint market tops (and bottoms). The focus should be on individual opportunities for long- term wealth appreciation.

Actual good news would be that the economy is doing better. It would provide a cornerstone for corporate profits that is the building block of markets that are moving higher.

We’ll cross this bridge when we get there. If there is a pullback on a rate hike, I would view it as the crowd making a gigantic mistake and it would be aggressive buyers on dips. 

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Charles Payne
Wall Street Strategies


 

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