If you spend any time at all studying the market these days, you hear a never-ending chorus of naysayers predicting that stocks are about to fall in value precipitously. In some, ways, it makes sense to think this: big advances on the market are often followed by dramatic corrections, or at least long pauses. We are five years into the current bull market, and while that seems like a lot, remember that this has quite a ways to go before it has been running for as long as the bull market of the late 1990s.
Furthermore, this market has been held back in many fundamental ways by the weird, mediocre economy, which now seems to produce wealth only for a small number. One seldom mentioned reason for the economic weirdness is that technology is advancing faster and faster, while corporate cultures are as slow to change as ever. To remain competitive, companies must constantly develop new ways to break into ever shifting markets and act quickly-often while stodgier types are still grumbling about the last big change.
There are more nascent industries in America now than at any time in living memory, so don't be conned into thinking stocks are too highly priced. It might have been nice to be able to throw tons of money at the market back in January of 2009, but to paraphrase an old saying, it's always January of 2009 somewhere.
Where would that be? Let's start by looking at the greatest, most innovative company that you don't own stock in already…
This article was originally published on MarketIntelligeneCenter.com