AS LONG AS THESE PULLBACKS HAVE A NAME STOCKS HEAD HIGHER

The Euro Crisis, The Flash Crash, The U.S. Debt Downgrade, The Fiscal Cliff, The Sequester, Cyprus.   What do all of these media spectacles have in common over the last 5 years?  They were all fabulous buying opportunities for stocks.  In each case, stocks plunged initially as traders were scared enough to sell, only to recover and rally.  If we’ve learned anything since the financial crisis in 2008, its that any sell-off should be bought.  With zero interest rate policy set to remain in effect for years to come,  a mere $10 billion reduction per month of asset purchases by the FED TBA next month aka the terrible taper, and central banks globally printing money, stocks remain the place to be going forward.

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