Everyone knows we face some uncertainty in several regards. The fiscal cliff that we hope Congress resolves after the election. The election. The impact of developments in Europe, China, Japan, South America and elsewhere.Long term I just heard John Bogle say on CNBC the trend is upward. Short term it could be bumpy. The usual routine is that optimists will buy in in anticipation of better times, and then sell if they prove to be wrong.Total collapse of the stock market does not happen often. A 4% decline is a big deal. So if you are optimistic, its OK to invest now provided you keep an eye on things and sell promptly if the market turns against you.If you are pessimistic, its OK to wait until some of the unknowns fall into place. But then what do you do with your funds? Money markets and bonds pay so little. May as well chance it in equities.
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