Sentiment check -
Last year, when I repeatedly warned about a big pullback due to the end of QE, the mood was euphoric and most thought a big decline was impossible.
Now, after 50-80% declines, when I am suggesting scaling into quality growth stocks, the mood is super bearish!
Last year, when I repeatedly warned about a big pullback due to the end of QE, the mood was euphoric and most thought a big decline was impossible.
Now, after 50-80% declines, when I am suggesting scaling into quality growth stocks, the mood is super bearish!
Last year, most were focused on "digital transformation" and they were convinced the high flyers would never go down!
Today, most are convinced that these compounders are "done and dusted" and will never recover!
They are the same businesses, only the price tag has changed!
Today, most are convinced that these compounders are "done and dusted" and will never recover!
They are the same businesses, only the price tag has changed!
If you loved a business last year, you should love it even more now because its market cap is now 50-80% lower.
Those who invest at these levels are getting more bang for their buck today.
If the underlying business is sound, the current markdown (sale) is a gift. My 2 cents.
Those who invest at these levels are getting more bang for their buck today.
If the underlying business is sound, the current markdown (sale) is a gift. My 2 cents.
For the sake of accountability, I've been an advocate of *weekly* dollar cost averaging from late December until late March...
This strategy might not catch the absolute low (who can!?), but if my assessment is correct, this will work out well for long-term shareholders.
This strategy might not catch the absolute low (who can!?), but if my assessment is correct, this will work out well for long-term shareholders.
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