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"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 (Nasdaq: AAPL ) , for example. The company saw China's sales rise a whopping sixfold last quarter. Intel (Nasdaq: 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: