This year, ignore political babble. You’ll be better off. Ignore debt debates, silly fake controversies and finger pointing over who is or isn’t the bigger fan of private enterprise. (I win that footrace, anyway.) Or whose supporters are richer or not. And whether that’s bad or not. My forecast is for global stocks to end 2012 up big. Tune out the nonsense, and you’ll better enjoy the ride.
Love it or hate it, we either re-elect a Democrat or newly elect a Republican in November. Barring alien invasion, no other options. Historically, US stocks average 14.5% when we re-elect a Democrat and 18.8% when we newly elect a Republican—both great outcomes. So tune it out—your eardrums and portfolio will thank you.
~ Ken Fisher, "Put Them On Mute," Forbes.com, May 29, 2012