Now they say it's time to buy stocks again... https://www.marketwatch.com/story/i...trategists-2019-01-05?mod=MW_home_top_stories
Goodness, those American financial pundits and TV clowns are beyond retardation. A day ago Armageddon was upon us and Cramer saw Apple as a good buy below 120. Now after a single mere 3-4% breather the very same clowns all across American financial TV and financial websites are BULLISH??? Fuxxing Idiots. That's why they are on TV and write articles. Many stocks may temporarily gain a little due to oversold nature (though we may as well see a 6% or whatever sell-off on Monday as well) but none of the root causes of this entire sell-off are removed. Why would the market trade back up fundamentally? The sell off was never caused by the fed rate hikes only the market illiterate look for such excuse. We are at the end of a debt supercycle, trade tensions, 2 nations battling for global supremacy, a rising dragon that produces now almost everything America produced at a fraction of the price (irrelevant at this point whether it was gained via IP theft or otherwise) . The market did not tank because Apple has a few tough quarters ahead but because permanent damage has been done to its future revenues. Same applies to many other firms. Prices of stocks simply need to be anchored to fundamentals again. And that has not occurred yet Is this how a bullish price development looks like?