The market’s volatility can provide investment opportunities for those who can look beyond the short term, Abby Joseph Cohen told CNBC Monday.

“By any metric there is good value in the U.S. equity market,” said the Goldman Sachs senior U.S. investment strategist. But “we get strong reaction on a company-specific basis — Intel for instance — because there is not much wiggle room for disappointment in investors’ thought processes.”

Intel [INTC 24.00 -1.01 (-4.04%) ] cut is fourth-quarter revenue outlook on Monday.

Most investors are especially nervous this year as they don’t want to “give up whatever returns” they have logged for the calendar year, given the current volatility in Europe and the U.S., Cohen said.

This is unusual, she pointed out, because “normally we would see by Thanksgiving time a willingness to look out further into the future.”

But investors are particularly risk-averse this year, so they’re not thinking of the longer term.

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Mrs. Cohen’s advice is sound.  Even if you are bearish on the United States long-term, the short-to-medium terms clearly call for a resurgence of US economic dominance, which bodes well for strong US-based multi-nationals and US companies in general.

If we can tackle our fiscal problems, we’ll be in this position for the long-term as well.  We’re still the most capitalist nation out there – and that means the one with the most growth potential.  But we have to stop shooting ourselves in the foot!