We recently calculated the performance of stocks since the S&P 500 made a short-term bottom on October 10th based on how they performed from the 9/19 peak to 10/10. As shown below, the decile (50 stocks in each decile) of stocks that held up the best from 9/19 to 10/10 are up just 3.43% since then, while the decile of stocks that performed the worst during the big selloff are up a whopping 26.23%. Clearly there has been a lot of bottom fishing going on.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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