Here’s my all-time favorite indicator. There isn’t even 10 years of data, but we are in the middle of the I.T. revolution, so this indicator doesn’t need to go back longer. I don’t care if they are right or not, or the earnings don’t come true next year, this index measures the number of bullish analyst reports to bearish analyst reports. Enjoy.
This will be like every crash before: One of the greatest chances in decades to buy stocks.
I have no rationale, other than, look at history.
People will need to live somewhere…so housing won’t hit 0.
Gold isn’t not affordable, so anything pegged to it, like every currency, won’t hit 0.
People need to eat, so anything necessary to produce food, won’t hit 0 – heir go, their will be work, that is jobs & wages…won’t hit 0.
Are stocks closer to a bottom, than a top? Absolutely. It might take a year or two to prove me right, but they are.
A smarter man than me once said, to the “optimists, go the spoils”. He just so happens to be panicking, TODAY.
Innovation will save capitalism, PROMISE. TOO many problems in this world for it not to.
Look alive folks, get your head up, hit the asks & raise the bid. It’s going to be okay.