Many argue that newly confirmed bear market has long and far to fall—particularly for big Tech and growth stocks. Others just fear it. Maybe. With inflation-phobia globally, Russian attacks threatening grain supplies and endless intensifying recession chatter, the bad news won’t vanish overnight. But as I wrote last month, this is no time to fall prey to The Great Humiliator’s tricks and avoid stocks. Downturns can be brutal. This one is. But after every bear market comes a bull market—bringing opportunity in recovery. Toward that, now is a time to position for the coming spring-loaded bounce—which means owning the growth stocks now commonly shunned.
Crossing the official -20% bear market threshold sounds scary but changes nothing about what you should do ahead. If you needed equity exposure before this downturn, avoiding stocks now likely doubles your trouble. Investment decisions must be forward-looking—not backward.
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