The answer is, ironically, "yes" for the long term investor. Forget about individual stocks, but the market (i.e. a fund invested in many stocks representing the index). Forget about past returns - focus on cost. This is the same message given by FISCA.
http://money.cnn.com//2012/06/01/pf/expert/stock-investing.moneymag/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
http://money.cnn.com//2012/06/01/pf/expert/stock-investing.moneymag/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
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