Vandalshandle
Gold Member
I just started buying for my son's IRA which I manage. I'm investing 25% of the cash in the account today and will continue with each major drop in the averages. I want recognize the bottom until it is well past, so I'm going to buy it down. Although stocks are a bargain based on current earnings, those earnings will be going down. The market is down about 8,000 points on the Dow but it could go a lot lower before it bottoms out. Although the market is looking for good news, I just can't see where it can come from right now. It's too early to see any significant improvements in new cases or medical breakthroughs and summer is long way off. Obviously, the market didn't think much of Trump's announcements last night.I am tempted. Stocks I have been tracking for some time are at silly prices. China is saying that the virus has peaked but Europe/US still has a way to go. Food stores look interesting.
Well, here is more bad news. The market is now a Bear Market, and the average Bear Market lasts over 200 days.