By my analysis, the bottom was around 23 March. Over around a month, the indexes are back up — S&P around +16%, FTSE +19%, ASX +8%, NZX +12%.

Had you followed our recommendations in March to get into this dip, you may have enjoyed some delicious returns.

I try to consider all the implications:

  • Panic price falls in the order of 30%.
  • Wealthy cash-rich investors circling markets for bargains; enough of them to restore prices 15% or more in the short-term.
  • People losing their jobs.
  • Landlords wanting out of properties that were already very marginal on yield.

And I see that old pendulum again rocking between panic-sellers and bargain-hunters. Crisis and opportunity. Fear and greed. Pain and reward…

 

    Premium Article Profitable

    Already a Member? Sign In Here