Friday, November 30, 2007

11 Reasons to Buy Now

11 Reasons to Buy Now (Citigroup) | "State of Florida's pension plan"

I think Don Luskin is my newest favorite pundit, he's got a great article about why stocks are a good buy and the media is wrong.

For those of you who have been reading my blog you'll know that I've been saying that there is no reason for panic. I've said that recession fears are overblown and are being mentioned purely to make news.

I don't predict markets or recessions - but it seems like a strange time to have a recession given that we have low unemployement, low inflation, low interest rates, the faster GDP growth in 4 years and record treasury receipts.....perhaps I'm wrong, but it doesn't matter. We are not investing for next year or two years from now, we are investing for the long term and paying attention to the short term when making long term decisions can be dangerous.

Great article by Don, please read it.

Scott Dauenhauer, CFP,MSFP, AIF