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Barron's March 5th Cover Says It All
Posted on 03/06/2007 16:29 PM | Link | Post Comment
As anxious investors tremble in their shoes, Barron's tried to sooth those fears this week with a cover that most contrarian's see as an opportunity for the market to go lower.
The March 5th cover boldly states, "Stick with the Bull".
While I believe the market will rebound towards the later part of the month, history shows the best time to buy stocks is when it is most people are scared. Trading bottoms usually occur after high volume sell-offs, or they can unfold after several days of selling which discourages the majority of investors.
While this market has been notorious for not complying with historical trends, the latest Barron's cover does not reflect a traditional market bottom.
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