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Now that I'm done being a smartass (for the moment)
It really depends on what the stocks are.
Jim Cramer has a really good take on this, in times like these the companies worth owning are ones that make something people can eat, drink, or smoke. Especially if they don't have to borrow money from anyone to produce their goods.
Companies with cash on the balance sheet who produce things that people will buy no matter what (food, soap, toothpaste, cigarettes, medicine) are going to demand a premium during a recession.
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