Taking The Elevator Up
“They take the stairs up and the elevator down” is an old Wall Street saying that has been around for ages. It was always followed by; “what takes you two years to make you’ll lose in three months.” For a long time, the market always went down faster than it went up, this is no longer the case. They are taking them up just as quickly as they take them down. V-rallies are now a thing.
I’m not a fan of selling in the hole or chasing a frenzy. Sentiment has shifted from oversold can remain oversold to overbought can remain overbought, don’t buy into it. Don’t chase, allow the market either to rest via price or time, this ain’t the 90’s.
My opinion is subject to change as new information comes in.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
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