ArtfulDodger

Recent Weakness in Equities, Commodities Is a Buying Opportunity

Good article. Good points, TM, especially about the wrath you'll receive around here for a positive article.

There must be 10,000 articles written in the last 10 months on this site alone stating with absolute certainty that the DOW, S&P, and China are all in---what else?---bubble territory!

And after the current corrective wave you can expect another 10,000---keying on what word, one obviously learned well in the last few years: bubble!

Well surely, one of these days they're going to be right.

After years of predicting doom, Panzer, Roubini, Grantham, Faber, Prechter, and even old Granville stuck his head up a couple of times to yell fire, in 2008 they were finally proven, well, "right." What else?

And when the DOW was around 6500 they called for 2500, 3000, or 3500; and now that it's up 3000 points every tiny pull back is another bursting bubble, another crash on its way.

Hell, if they were to be right, who could trust their predictions but the ever-ultra, perma-cynic?

I advise young folks who are new to investing not to listen to predictions of doom or bloom, but to find worthwhile companies, with strong balance sheets, essential products, proven management, with strong future earnings potential, that will have a better than average chance of surviving the doom and taking advantage of the bloom.

That is how you get ahead investing in stocks---not concerning yourself with predictions of either doom or gloom.