Needless to say, with all this volatility, there will be more wild swings.
“This is far and away the most uncertain time in anyone’s living memory,” Ziedens wrote. “I wish I had an answer for you, but no amount of fundamental, technical, or historical analysis will give us the answer. This situation is unique and it needs to be treated as such.”
However, he’s convinced that the deep pullbacks will ultimately prove to be opportunities.
“Assuming society doesn’t collapse, this is a buyable dip and is no different than any other crisis in market history,” he said. “The only question is how low we go before bouncing.”
Well, it didn’t take long, considering Tuesday’s rush to buy.
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