Don’t be too eager to jump back into the stock market. From Lance Roberts at realinvestmentadvice.com:
If you haven’t seen the movie “The Revenant” with Leonardo DiCaprio, it is a 2015 American survival drama describing frontiersman Hugh Glass’s experiences in 1823. Early in the movie, Hugh, an expert hunter, and tracker, is mauled by a grizzly bear. (Warning: the scene is very graphic)
In the scene, the attack comes in three distinct waves.
- The bear attacks, and brutally mauls Hugh, who plays dead to survive. The attack subsides.
- The bear comes back, and Huge shoots it, provoking the bear to maul him some more.
- Finally, Huge pulls out his knife as the bear attacks for a final fight to the death. (Hugh wins if you don’t want to watch the video.)
Interestingly, this is also how a “bear market” works.
This is one of several articles today on the Fed dropping the interest rate to almost zero and injecting another $700 Billion of funny money(QE5). I wonder how Mr Roberts would respond.
https://markstcyr.com/2020/03/15/from-omnipotence-to-impotence/
My personal feeling is that all the king’s horses and all the king’s men have no chance of putting this Humpty Dumpty together again. Best guess is that you go to cash, ignore markets for a couple of years and when you start paying attention again you’ll feel like a kid in the candy store because everything is going to be so much cheaper than it is now. Buy the dip works until it doesn’t.
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