Currently, you still have a bottom in oil, industrials, hospitality/travel, and other stocks that just aren't coming back right now. So my question for discussion is, when is the time to get back into those bottom stocks? There is an argument that in a normal recession, you'd start buying these now to be prepared when they start to do better. This is the same as any recession where there are bears who miss the bottom, except we now have an unusual counter-market like big tech that we can safely invest our money into (which is flying high due to all the stimulus money flowing straight into it).
I want to start buying stocks that are still down 30% just like in any other recession but the tech stocks are still tempting as you know you won't lose your hat if coronavirus sticks around, and even if there is a vaccine, there could be a more permanent shift into the stay-at-home, tech focused economy.
What is everyone doing in this regard? Stocks like Mattel, GHC, financials etc. are still pretty far down and are pretty tempting. But could SQ, Apple, Zoom, Target, Peleton and others continue to just keep going up up up?
Submitted August 26, 2020 at 03:07PM by Comicalacimoc https://ift.tt/2YBp1qt
