No one knows when the next storm with hit the market, but experience tells me it is close at hand.
We have been having bear market rallies lately when the market falls and then “dip” buyers jump in. The market rises for only a short period and then falls to even lower lows. It is also called a “suckers rally”.
A great place to position is in dividend paying quality companies. Don’t follow the herd into speculative companies with no earnings or you’ll soon likely be heading for the door with everyone else when the sh_t hits the fan. Think what it is like when someone yells fire in a movie theatre. Not good!
It’s not a time to go with the risky companies. Think, boring is beautiful. Also, with a dividend you will get paid while you wait for the next opportunity. Even quality stocks will likely drop significantly in a down market, but most risky stocks will not just drop, they’ll declare bankruptcy.
Stay safe. I live in Florida and hurricane season just started. It is a time to be prepared! Don’t wait.
Be smart, be well-read, be aware and be successful.
