But, long-term investors, who are by far the majority of the new Investor Class, should keep their eye on the favorable long wave trends that are still unfolding in the U.S. economy. And stay the course. Think of it as economic freedom powered by the Internet. The vicious stock market correction now underway will not, in my judgement, continue very long. This is not the beginning of the end of the long bull market wave of prosperity.
Corrections come and go, as they have many times.
This is why I remain an optimist. There are some near term glitches. Also there is a concern about Internet taxation, which of course would impact the growth potential of the nascent dot com industry and the whole cyberspace communications story. Also tax payments. Though commentators rarely think about it, tax burdens during this prosperity have increased substantially.