The Ultimate Fiscal Cliff Stock: Apple
One way or another, the fiscal cliff will work itself out.
Consider some of the possible scenarios: We go over the cliff and nothing happens. We don't go over the cliff and nothing happens. We go over the cliff and all hell breaks loose. We don't go over the cliff and all hell breaks loose. That about covers it.
I'm confident that, at the last minute, we will get a deal.
But at least from an investor's perspective, that's neither here nor there.
For most people, even those intimately affected by the fiscal cliff -- some are already feeling ill effects -- life will go on. Just another mountain to climb.
I am 37 years old. Chances are that if you're reading this you are somewhere within 25 years of my age on either side. Like me, you have lived through times of seemingly constant crisis. Things were no different 10, 15, 25, 50 years ago. Just listen to Billy Joel.
We didn't start the fire and we won't be the last ones to feel like we're burning up in it. As much as I like #RiseAbove, that's my fiscal cliff slogan.
I have zero control over what happens in Washington. However, I have the ability to manage my own life, which includes overcoming the obstacles external forces throw at me and, I hope, maintaining control of my emotions.
This, too, shall pass. I know this. It's always different this time, though it never is. Welcome to another edition of "More of the Same," I'm your host new boss same as the old boss.
Investors: Embrace noise! Just make sure you process it more effectively than the guy making his 80th post of the day to some survivalist Website. You don't need a bunker in your backyard. You don't need to go all cash.
Of course, you have plenty of options, but one should make every list: Buy Apple (AAPL) on dips.
AAPL is the ultimate fiscal cliff stock because it will lead any and all rallies out of this mess. On a sigh of relief rally, it leads. On a we just went over the cliff and nothing happened moment of deer-in-the-headlights silence, it leads. In just about any situation imaginable - and in most of the unimaginable ones - it leads.
Why do I say this? How can I be so certain? First, there's no certainty in the stock market, but, if I was ever going to come close to certainty on Wall Street, I will take my chances with AAPL.