Tuesday, March 24, 2020

Quote of the Day: Public Service Announcement!

Bloomberg Asia analyst Garfield Reynolds echoes our messaging (on bear market rallies) herein:   emphasis mine...

"With Asian stocks soaring in the face of dire PMIs and continuing country closures, MLIV brings you this public service announcement:
Be careful of bear-market rallies! They can be massively powerful and lure investors back into assets they will later regret buying.
Tuesday’s surge in risk appetite again looks dangerously overblown at a time when it looks way too early to call the bottom for many assets. More sedate rallies would be much more reassuring than the current wild rebounds."

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