Weekend March 21 2020
Zacks
Finding #1 Stocks is Ready to Ship
Dennis,
On Thursday, I alerted you to a chance to take full advantage of what many see as the buying opportunity of a lifetime.
While the coronavirus outbreak has brought about upheavals for businesses and consumers, it will also usher in new and exciting opportunities in the inevitable bull market that follows. Right now, very strong stocks are available at tremendous bargains, and once the outbreak subsides, stocks are expected to soar as pent-up economic demand is unleashed. The key is knowing where to find the stocks that will lead the market when it goes back up.
Barrons
This post from another 'expert' at Zacks assumes the sell off is due to the virus an exogenous event, never mind that we might be over bought at 29,586. He never saw this coming how is it that he can call a bottom when he missed the top?
The bull market, which showed no signs of slowing at the beginning of the year, was stopped in its tracks due to the coronavirus.
They ended their historic 11-year bull run the other week, after closing by more than -20% lower from their all-time highs just 4 weeks earlier.
It was the fastest we've ever seen a bull market turn into a bear.
But unlike previous bear markets, which are typically a result of a slowing economy, this one came about due to an unforeseen exogenous event.
Larry Williams should know better
"I'm not going to buy toilet paper, I'm going to buy stocks."
- Larry Williams
From Peak Prosperity
https://www.peakprosperity.com/market-meltdown-update-is-it-over-yet/?utm_source=Peak+Prosperity+Newsletter&utm_campaign=97fee09170-weekly-peak-newsletter&utm_medium=email&utm_term=0_d77483a02b-97fee09170-144016429
When the DJIA has dropped a mere 2,500 points to 27,000, a a talking head on one financial show was sure this was a great buying opportunity.
When all this bunch is not posting, it might be time to buy.
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