The consensus among market participants is markets cannot bottom now because earnings are about to roll over. Let’s look at history to see if that narrative has legs.
What's the future look like AFTER 25% drawdown years?
Some great info from Miller Opportunity Trust, Bill Miller’s old shop. They are aggressive and having a really rough year but I suspect adding some cash to a strategy like this and others like Brands will reward people very well. And for now, no one wants anything to do with stocks, those are generally pretty good buy signals. And most importantly, buying stocks when markets were down 25% didn’t nail most bottoms but it didn’t matter if you had some fortitude to buy and hold great businesses through the storms.
