In 2002 investors were looking back contemplating the implosion of the tech bubble and the huge wealth destruction of about half the US economy. But they did not notice there was a great bull market in some financial stocks and other attractive sectors.
I think some investors are making the same mistake now. They keep looking back at the implosion of the housing/commodity bubbles. And they panic, now as then. But they are failing, as in 2002, to recognize the beginning of a bull market in very specific sectors.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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