9 Stocks to Hold Forever

Timothy Lutts / seekingalpha.com,

As to the market, which is very good about following the rules of supply and demand, these are very interesting times. Demand is down, in part because of lousy economic news (which I’m not going to go into today). Bond yields are at record lows … a clear sign of the market’s “flight to safety.” And it’s extremely difficult to find an optimistic economist these days. (You know in your heart that they’re often wrong, but you listen to them anyway.)

Ben Bernanke commented a month ago that “the economic outlook remains unusually uncertain,” and the President of Cisco (CSCO), John Chambers, repeated that outlook after his company’s earnings report last week, saying, “We think the words “unusual uncertainty” are an accurate description of what’s occurring.”

The market, of course, hates uncertainty, but I’ve learned to embrace it, which is why I’ve been growing increasingly optimistic in recent weeks, particularly because the market hasn’t fallen apart. So today, I want to give you part two of my article on “Stocks to Hold Forever.”

Part one, back on July 28, told you about the amazing Mr. Phelps, whose investment strategy was to buy stocks with exceptional growth potential when they were young … and never sell them. (more)