This is a tradable bounce for short-term traders. Long-term investors should use the rally to raise cash. They’ll be able to use it later.
Author: Michael Carr
When the next decline begins, fear will increase sharply, and the number of zigzags will increase. There are likely to be at least a dozen more zigzags before this bear market ends.
Since investors will be conservative as they recover from the shock of the pandemic, they should favor large cap stocks and safe dividends.
This time might be different, but it probably isn’t. The news is still bad, and the truth is we don’t even know how this crisis will end.
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