Given the current market woes with the S&P dropping by more than 4% and the VIX closing at 42, one would be foolish to recommend equities at this juncture. After all, none of the problems that precipitated the sell-off are solved, including the sovereign debt crisis in Europe and the future of the Euro currency as well as the chance of a looming global recession.
In addition, investors sent Hewlett Packard (HPQ) 10% lower after the tech bellwether reported earnings and detailed its re-organization plans. Trading at around $23 at the open, we ask a simple question: is it time to buy shares of HP? Our answer, a resounding YES because of the following three reasons:
Read the full article here.