Panic and Sell? No Way!
"During a brutal summer stretch, the S&P crashes into bear-market territory amidst widespread investor panic [that a] double-dip recession is on the horizon."
If you thought that quote was summarizing today's market, it's not. That's the sentiment from last summer, and investors who jumped in at that time did quite well. With a record earnings season fueled by American companies seeing record profits abroad, don't let hysterics get the best of you.
Take Apple (NAS: AAPL) , for example. The company saw China's sales rise a whopping sixfold last quarter. Intel (NAS: INTC) said Brazil was on track to become the world's third-largest PC market next year. The S&P 500 is full of global companies, and the global economic story isn't as dreary as the headlines insist. Any investor who's overly fixated on the fear gripping the market today is risikng selling out at a time of great opportunity.
I stopped by the local Fox affiliate in Washington, D.C., to discuss the recent market sell-off. To watch my visit, where I discuss record corporate earnings and what investors should do next, simply click on the video below:
At the time this article was published Eric Bleeker owns shares of no companies listed above. You can follow him on Twitter to see all of his technology and market commentary.The Motley Fool owns shares of Apple and Intel and has bought calls on Intel.Motley Fool newsletter serviceshave recommended buying shares of Intel and Apple, creating a diagonal call position in Intel, and creating a bull call spread position in Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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