Does anything matter to stocks right now other than the fiscal cliff? Probably not, and the market will continue to bounce around until some sort of resolution is reached.
Of course, while the situation may look bad, we’re still well above the November lows. I think we’ll stay there.
In the meantime, the worse the market gets short term, the more opportunity you have to add long-term holds. Two of my favorites are products we all use: Hershey (NYSE:HSY) and MasterCard (NYSE:MA).
Skeptical? Well, look around your home. If you have no Hershey’s anywhere, feel free to take a pass. Likewise with MasterCard. -- if there’s not one in your wallet, skip this pick.
For everyone else, the next few days or weeks may be a nice buying occasion.