It happened between April and June when the Fed toyed with pulling the plug on the bond-buying Band-Aid keeping the economy from bleeding. The DJIA suffered at least three 200-plus point plunges during that period, while the S&P 500 shed 2.2%.
Now, the VIX has risen even higher thanks to a government shutdown that has the nation on pins and needles while worst-case scenarios make daily headlines. No index or sector has been spared, with nearly 3% losses across the board over the past five trading days.
I don’t blame investors. If I were sitting in a couple fat stocks that racked up fat gains three-quarters of the way through the year, I’d take profits off the table too. Seeking refuge on the sidelines as the fourth-quarter storm blows on through sounds very soothing.
No one knows what to expect on Capitol Hill or Wall Street from one day to the next. We can’t control either, but we can seek out stocks capable of shaking off potential nervous breakdowns and performing stealthily through the rest of 2013.
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Here is a trio of tech stocks — non-hyped issues well-positioned to hold up under adversity, deliver growth and value, and pay dividends to boot.