By Chris Bailey of Financial Orbit | Sunday 5 July 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back on the 10th March, I made a couple of observations which - when I read them back now - are worthy of further comment. The first was back then I observed that "I have yet to see widespread 'I am never coming back to the stock market' thoughts". That was a useful spot in the sense that markets bottomed two weeks later at which point I saw a lot more of that behaviour which is indicative of a tactical market low. As always watching for extremities in greed or fear is helpful for the stock market investor, especially over the shorter-term.
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