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Strategies & Market Trends : The Art of Investing

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Nov 11 4:00 PM EST

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To: Sun Tzu who wrote (4466)	6/18/2022 9:26:40 PM
From: Rarebird	1 Recommendation Recommended By Sun Tzu Read Replies (3) of 10553

One of the distinct features of a secular bear is that at least 85% of stocks enter primary downtrends whereas in a cyclical bear only 2/3 of stocks do and sometimes it only reaches about 60%. I'm in the camp that this is a Fed induced downturn that has the serious potential of lingering longer than most people think unless the Fed makes an about face soon. Fundamentally, I'm bearish. Technically, primarily from an E-Wave point of view, I'm bullish longer term. But the Fed has done lots of damage and there are no signs yet that they are letting up in any shape or form. I'm looking at some home building sector stocks with great earnings and trading less than 2 times earnings like BXC. Market is clearly in the process of pricing in a recession. That should mean another 7%-10% down. Risk/Reward is extremely favorable here if you have the time, patience and discipline to endure the choppiness and volatility. If you don't possess these virtues, you wait it out, lose the initial thrust to the upside and then go all in. Less aggravation, but a bit less profit.

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