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Hi Ronnie,Thank you for the well-informed posts. They are widely...

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vintage1961

108 Posts.

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08/12/22

13:34

Post #: 65219967
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Originally posted by 1ronnie: ↑

Tell me a stock analyst who tells you to park in Cash and avoid stocks altogether, even if it was the safest thing to do during the period.

The best they'll do is to indicate a move into defensives like utilities and healthcare.

Seriously, when a stock meltdown arrives, no sectors and no stocks will get spared including defensives and precious metals.

Instead, what people tend to do is flock to stocks that gets the love during the period, that we're told would weather the downturn well, and people get comforted seeing the stock's chart rising even as markets tumble. And they think it's going to last. And then more people getting into those overcrowded and increasingly expensive trade in search of sanctuary for safe hiding.

But when rotation arrives, and meltdown arrives, the ones that enjoyed all that love would be the ones likely to suffer disproportionate retracement as people exit to lock in profits and faith dwindles giving rise to more outflows.

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Hi Ronnie,

Thank you for the well-informed posts. They are widely appreciated and very helpful.
BTW, there is a soon to be released excellent doco on Morricone over the holiday break that I know you would enjoy.
'Seasons Greetings' to you and your family.
Vintage
3 Upvote

0 Great analysis

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