It’s a bloodbath out there again this morning. The war in Ukraine is intensifying, and a good jobs report on Friday is sending inflation fears through the roof. However, the tale of Credit Suisse, is a good reminder that sometimes, when things look the worst, that’s the time to buy. Now I’m pretty bearish about the market right now, but there’ll probably be a time very soon when panic is extreme, and that’s when I’ll look to step in and become a buyer.
So last week all over the news was how Credit Suisse was going to take down the global economy and go bankrupt. Well, despite the terrible news, CS refused to go lower, and then bounced 25% in a week.
CS refuses to hold lower on Monday below $3.80 despite MASSIVE FEAR OF BANKRUPTCY. Then proceeds to go up 25% in a week.
What does that tell you? It tells me that price action is everything! If a stock refuses to fall apart on terrible news, it’s probably going to go the other way fast!
Last week I was Bullish about the market and Bitcoin. I decided to make MARA my best trade idea for the week, here’s what happened:
They don’t always work this great, but it’s great when they do. The most benefit is the learning my students get to understand how the markets work and why stocks move!
This week I’m bearish. If you want to know when I turn Bullish and what I buy in my real-money portfolio as well as why, sign up for Bullseye Unlimited. For a limited time I’m offering a $7 trial for your first month. That’s right, $7 bucks. You’ll get
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