Post-recession, many Americans remain wary of the stock market. Some are even avoiding Wall Street altogether. But there’s a growing chorus of experts trying to get the word out that avoiding stocks, especially for younger investors, isn’t such a great idea. Here are two reasons why investors should be optimistic about the market ahead:
Stocks remain cheap. The 2007–09 bear market was hard on stocks. Even though stocks have more than doubled since March 2009, they remain cheap based on historical averages.
A fiscal deal could spark a rally. An agreement between the president and Congress over the nation’s fiscal issues is likely to spark a rally on Wall Street.
More reasons can be found at this link, which includes a forecast that the Dow will reach 17,000 next year. That’s the kind of news we all want to hear, right?