Catch a falling knife, with your 3 last fingers.
You’ve got to love the ignorance of those who say “best time to buy ever” now that the markets are in bear territory. You would think they would have learned from the mistakes of those who bought the NASDAQ all the way to the bottom from January 2000 to December 2002. For 24 months there was a constant parade of “tech stocks are cheap! Buy, buy, buy!” Then they lost their ass.
Some people are just not capable of learning.
Amazing. We just very decisively and convincingly broke through the support level on a very long very classic head and shoulders pattern at the end of the longest secular bull run in the history of this planet (fuelled by Greenspan and easy credit), with high PEs compared to usual market bottoms, lots of debt, rising oil prices, a slowing economy, rising inflation, and folks think it is a BUYING opportunity. It is the sell signal of a lifetime.