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To: z3n

One of the greatest investors of all times said he never tried to guess a market top nor a bottom, he was content on being in 20% from the bottom and out 20% from the top. I believe we have not seen the bottom here but I began buying on late Friday. I don’t think today’s opening bounce is a trend. Panic in financial markets from non financial matters (war, politics, plague etc) is quite difficult to gauge so I try to pick low beta stocks hopefully on sale. All IMHO.


16 posted on 03/02/2020 6:54:09 AM PST by Mouton (The media is the enemy of the people.)
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To: Mouton
I'm with you. Since I look for low betas, low EPS ratios, higher dividends (if sustainable), my losses last week were less than half the market as a whole.

Some healthcare stocks (OMI) and totally speculative legal marijuana stocks (SNTX) which I buy in tiny quantities like Lotto tickets are even up sharply.

It doesn't even hurt to have a little bit of money in a China bear ETF like YANG as it is an indicator of where the market is heading.

21 posted on 03/02/2020 7:06:43 AM PST by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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