Opening on Monday, page-118

The only problem I see with your thoughts is that in the current environment it is nigh impossible to see how a positive trend can be constructed. We might have a cascading series of bad news in the coming months which might leave AJM pretty much where it is, give or take a cent or three.

Corona is just making too many people lose their perspective on anything to rely on anyone being rational enough to see the fundamental value in stocks at the moment.

The 'once things settle' conjecture is based on the premise that they will settle, at least in a time frame that makes any sense.

I still like AJM, but am not going even try in this environment to try and pick the bottom. Convince me that it will survive, and I am reasonably convinced it will, then holding makes sense and this just becomes a game of patience - plenty of patience.