There's a reason why "buy low and sell high" is an investment cliché: because it's true. The best time to buy a stock really is when its price has cratered, and it has nowhere to go but up.

Steven F. Hayward, author of the magisterial two-part Age of Reagan has advice for the ultimate political contrarian: now's the time to buy donkey shares:

A few Dems understand that it is their product line that stinks. If the two parties were burger franchises locked in mortal competition like Burger King and McDonald's, one might suggest the Dems have decided to compete while staying closed for lunch, and refusing to offer hamburgers for dinner. Democrats are not seriously competitive on national security ("closed for lunch") in the way they were under Franklin Roosevelt, Harry Truman, and John F. Kennedy. (Or if they are open at all, they only offer chicken strips.) And their disdain for religion would be like McDonald's refusing to offer hamburgers to customers at dinner. Among Franklin Roosevelt's many religious utterances was, "Freedom of religion has no meaning to a man who has lost his God." A prominent Democrat who talks this way today risks being shunned; verily, we are seeing that freedom of religion has no meaning to a party that has lost its God.

If the Democrats could figure out a way to remedy these product deficiencies, the natural cycle of politics will create some opportunities for them to regain market share and the stock would become a table-pounding buy. Until they do, however, I would rank their stock as "speculative, for risk-tolerant investors only."

And no, Hillary Clinton doesn't look like the political equivalent of Carly Fiorina.