Whether We Like It or Not

Helicopter Ben is smiling as he announces that the Fed choppers are fueled and soon will be loaded with freshly printed bales of hundred dollar bills that will be dropped on banks and the US Treasury. Inflation is just too damn low at 1.1% and interest rates too high at 0% for consumers to spend, businesses to expand and investors to invest.

But consumers aren't buying any of this and don't plan on any spending in the near term, there is just too much uncertainty in the economy right now.

I had a meeting with our financial advisor this afternoon who seemed upbeat about stocks and the economy. His ever advise is that when the story is bad, it's time to buy undervalued stocks. Right now the story is bad, but historically we've had bad stories before. And recovered.
Stocks are underpriced by 33% right now, so they are cheap by historical standards. Pick solid companies with a history of growth, adaptability and solid earnings then enjoy 15% year over year growth over the next five years.
He advised that I ignore the DOW, the bad stories in the news, politics and the gloom. Just hold the solid portfolio, glance at the monthly statements and watch it grow. Sounds easy eh?

That smirking jackass in the photo is going to monkey hammer the economy and we're going to see what happens...whether we like it or not.