Don’t Feel Too Relieved by the Bounce Back in
Stocks
To Understand the Wild U.S. Stock Rally, Just Forget About 2020
Lessons from past bear markets:
Stocks will revisit their coronavirus crash low,
and here’s when to expect it
“Sentiment also points to a lower low for the U.S.
market. That’s because the usual pattern is for the final bear-market bottom to
be accompanied by thoroughgoing pessimism and despair. That’s not what we’ve
seen over the last couple of weeks. In fact, just the opposite is evident —
eagerness to declare that the worst is now behind us.
Another way of putting this: When the bear market does
finally hit its low, you are unlikely to even be asking whether the bear has
breathed his last. You’re more likely at that point to have given up on
equities altogether, throwing in the towel and cautioning anyone who would
listen that any rally attempt is nothing but a bear-market trap to lure
gullible bulls.”
Related WSJ piece:
https://www.wsj.com/articles/its-a-scary-time-but-market-timers-have-been-more-scared-before-11586112257
A Rush to Stocks, Driven by Bargains and Bravery
Best stocks to buy now: These 5 names will weather the coronavirus pandemic
Fortune – Quarterly Investment Guide
https://fortune.com/packages/quarterly-investment-guide-q2-2020/Book Recommendation:
