The leading Bear in the Stock Market is Chicken Little. You know: “The Sky is falling, the Sky is falling!”
But that ain’t so.
This Bear Market is exactly like the Great Depression in the 1930s, the Crash in October 1987, the Dot.com meltdown in early 2000s, and the financial meltdown in 2008-2009.
Lord, how quickly they forget! In March 2009 the Dow Jones sunk to 6,500 – today 12 years later the Dow Jones; even after dropping sharply since March is still over 20,000 as I write.
Thus the Dow Jones Average has risen 200% in the last 11 years – what Bear Market?
AIMers get golden opportunities to make buy incredible buys about every 10 or 15 years and this might be the best opportunity in your lifetime to add new LEAPS or start a new AIM account.
Contrary investing is the smart way to invest. Right now just about every stock is crazy low and begging AIMers: Buy Me, Buy Me!!
True smart investors tell you invest for the long-term. Warren Buffet says: “If you’re not willing to own it for 10 years don’t invest.” AIMers heed and listen to smart investors who have billions to prove they know what they are doing.
How long before the virus is rounded up and hauled out of town? My guess is not later than the end of summer. There are folks running for re-election and these folks know a bad economy, lots of people out of work, can’t eat in a restaurant ain’t going to get them re-elected.
So treat this temporary Bear Market as your chance to be very rich 10, 20 years later – don’t be guy or gal moaning after the recovery: Why didn’t I buy? Why did I follow Chicken Little’s investment management and not Automated Investment Management (AIM)!?!
Disclaimer: Jeffrey Weber is not an investment adviser and gives only his personal view and opinion, never making any investment advice or recommendation to buy or sell specific securities. Investors in financial assets must do so at their own responsibility and with due caution as they involve a significant degree of risk. Before investing in financial assets, investors should do their own research and consult a professional investment adviser.