2 Best Buys of the Nasdaq Right Now
Stocks can make fools of even the smartest people. Many have been calling the current market a bubble for years. The price-to-sales (P/S) ratio of the Nasdaq Composite reached 2.6 in 2007 before crashing. It surpassed that by the end of 2015, leading many to point to another imminent collapse. Since then, the Nasdaq Composite is up 190%. That P/S ratio is now double what it was in 2007. There is a reason timing the market is considered nearly impossible.
It's why Warren Buffett has said it's better to buy a great company at a fair price than a fair company at a great price. Over time, the advantages of those great companies will keep compounding. As another great investor puts it, "winners keep on winning." That's why now might be a good time to add two great Nasdaq stocks -- Amazon.com (NASDAQ: AMZN) and Inari Medical (NASDAQ: NARI) -- to your portfolio despite the sky-high valuations of the overall index.
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Source Fool.com
