“Investors need to look beyond the noise and alarm bells heralding the arrival of the fiscal cliff and buy and hold stocks for the long term, as the United States represents a good investment, said John C. “Jack” Bogle, founder of the Vanguard Group.
The White House and Congressional Republicans continue to negotiate ways to avoid the fiscal cliff, a combination of tax hikes and deep government spending cuts due to kick in simultaneously at the end of this year.
Failure to avoid the fiscal cliff could tip the U.S. economy into a recession next year, and market participants are worried stocks could roil in the meantime over uncertainty.”
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