Fundamentally strong stocks with huge price corrections. Is this an opportunity?
After 7 consecutive weeks of closing lower, the S&P 500 (as represented by the SPY ETF, in this example), saw a “much-welcomed” rally last week when the index rallied by approx. 6%. Is this just a bear market rally, or does it signify that a bottom has already been reached and blue skies are ahead?
I don’t have a crystal ball in front of me to say with certainty that either one of the above 2 scenarios is the right one. But if I am to render a guess (and yes, it is just my personal “guestimate” so please do not take it as the gospel truth), grey clouds with showery thunderstorms are what I am envisioning at the moment (read between the lines, ya)
Nonetheless, there are always opportunities for both investors and traders alike, to capitalize even in the current uncertain market scenario....