The S&P 500 and the Nasdaq Composite have spent the better part of the past year in a bear market, weighed down by widespread fear about the economy. But smart investors know that a bear market is a buying opportunity, simply because indiscriminate downturns tend to drag the good stocks down along with the bad.

Eventually, the next bull market will wipe away many of these losses, sending both indexes to new highs. When that happens, the good stocks -- the businesses that hardened like diamonds under the pressure of a difficult economic climate -- will likely rebound in a spectacular way, creating wealth for patient shareholders.

With that in mind, here is one stock to buy now and one stock to avoid for the foreseeable future.

Continue reading

Source Fool.com