People that have had a style that typically now is called momentum investing, buying the hot stocks of the day, the high fliers, that aren't supported by the economic fundamentals of the business, should change their style. It's not too late.
People that have had a style that typically now is called momentum investing, buying the hot stocks of the day, the high fliers, that aren't supported by the economic fundamentals of the business, should change their style. It's not too late.
I think there will certainly be some concern about earnings, but there are also parts of the market that will probably be grossly overvalued. I may not be an expert in all of them, but I do know that the earnings that would be produced by the businesses over their lifetime could never justify their market capitalizations people bought them because they thought they have to go up, so in that sense, they're thinking about psychology rather than economics.
© 2020 Inspirational Stories
© 2020 Inspirational Stories