(03-16-2020, 10:26 AM)Otter Wrote:(03-16-2020, 10:16 AM)fenders53 Wrote: Pleased to see you two back in the long game. You were right, now find some deals lol. As vbin stated not long ago, there has to be some value somewhere.
I don't think SPY has bottomed, but I don't think I will regret any of those five purchases in five years. Some quality is attractively priced, using TTM P/E ratios. Market likes to overshoot to the downside in a panic, but the quality names will recover fastest.
I wonlt pretend to know where the SPY bottom is. It will be before the the virus dark clouds part though. It always anticipates. Weeks away I would guess. Absolutely agree on the quality. It always works out in times like these. When the optimism returns, they won't be bottom fishing. My junk will still be junk. We buy stocks with fleas when we don't see a better option due to excess valuation. As vbin said the market may not be panicking, but reacting to reality. But the baby still gets thrown out with the bath water. The market does not discern in a deep draw down. Sector ETF dumps play a big part in this IMO.