So everything is now so underpriced that the water is warm?
Its getting there, but there is absolutely no sign of any bottom being formed yet. Until then, don’t try to pick one.
The volitility indexs are off the charts and you’ve got many panicking investors liquidating massive parts of their 401K and investment accounts to sit on cash. There is a total lack of confidence out there right now. They aren’t going to be jumping back in anytime soon. What I do expect soon is a pretty big short squeeze on some of the really quality names like Alcoa that have been beaten like a dog, but it may turn into a big ol dead cat bounce.
Play it very carefully. Make sure you have stops programed in tight. Don’t catch a falling knife.