“Stocks are finally flashing signs of a confirmed bottom, says analyst who called 25% rally”
April 10, 2020
“With the S&P 500 surging more than 10% for the week ending April 9 to wrap up its best weekly gain since 1974, investors might be giving more credence to the belief that the worst of the stock market rout is over.
If history is any indication, according to Fundstrat Global Advisors Managing Partner Tom Lee, stocks could be setting up for an even more “fierce recovery.”…
After hitting the first part of his call for the S&P 500 to recover 50% of its losses nearly perfectly, hitting the second part of Lee’s call would entail a return to the S&P 500’s all-time high of 3,393 by the third quarter...”
I’m a risk taker so I’m betting on a very sharp recovery. If the economy tanks I will (hopefully) buy up stocks after any crash. I’m not leaving the stock market no matter what but I will try to keep my assist liquid if I see trouble. That’s my strategy. No risk, no reward.