have we hit the bottom yet?
It is very rare for a random walk to start at its minimum value.
Last week was the bottom
Insider buyers certainly seem to think we have or almost have.
It is only the beginning so far
We need the stock to drop another 40 percent to reach historic average valuation. Dont know if it will go down thay far but that is data
We will overdo it on the downside also.
Take a look at 2007, 2008. There were many bounces up (large swings upwards) followed by bigger swings downward. This roller coaster ride is far from over.
The sentiment is not that extreme yet . It may be a temporary bottom. I think in the real bottom we won’t be talking about stocks here. Right now shoe shine boys, that is us, are giving stock recommendations to jp morgan.
Bottom, maybe. Retest, maybe.
World economy is affected. Even if we get out of a shelter down notice, but the rest of the world is still battling it might affect supply chains and customers. Not to mention a second wave possibility.
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The moment you start selling is when we have hit the bottom
This