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Buying the dips has been a very successful strategy over the past several years when it comes to equity trading. Even the US National Economic Council Director, Larry Kudlow is providing this advice to long-term investors. After the Dow Jones Industrial Average Index plunged 2600 points or 8.8% from its record high, Kudlow sees it as a good opportunity to buy cheap stocks.Indeed, stocks are cheap, but cheap is a relative term. They may be cheaper than two weeks ago, but when compared to historical averages or relative to foreign stocks, they are still way too expensive.Higher... Read More
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