Each 'Crisis' Has Been A Buying Opportunity

seekingalpha2021-11-29

Summary One rule has held over many cycles and that has been, ‘Buy on every ‘crisis’ if the market reflects strong liquidity”. Investors always panic on unexpected negative news and reassess market ...

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精彩评论

KeeBoonTong
2021-11-29
KeeBoonTong
Lalala
- KeeBoonTong:
  lalala
ohmytiannn
2021-11-29
ohmytiannn
Awesome
PC21
2021-11-29
PC21
Good read
- ohmytiannn:
  ok
- PC21:
  make sense
MuppyKoh
2021-11-29
MuppyKoh
Please like
- Blokespot:
  [Smile]
balaranjith
2021-11-29
balaranjith
Yes
- Zeruel:
  👍
Jeromelim
2021-11-29
Jeromelim
good advise
- NatYong:
  [微笑]

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One rule has held over many cycles and that has been, ‘Buy on every ‘crisis’ if the market reflects strong liquidity.”\nBuy on every ‘crisis’ if the market reflects strong liquidity.\nLiquidity and market psychology are highly correlated. If investors have adequate liquidity, then they do not panic when an earthshaking event hits the headlines as the new COVID strain has done today. The T-Bill 10yr Treasury rate spread is a combined proxy for liquidity and market psychology. It provides a measure for how far investors have ‘gotten over their skis’ in Wall Street parlance. Investors always panic on unexpected negative news and reassess market exposures vs the newly defined risk. Some will pare back positions on the first headline, while others will wait to be better informed as more detailed information emerges. Investor responses are dependent on how much one feels exposed to price declines. 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This all-in investment position is reflected when the rate spread falls to 0.2% on rising T-Bill rates as investors commit all their capital including rainy day capital for higher returns. The history of this measure indicates ample liquidity exists to deal with today’s negative headline.\n\nToday is a buying opportunity in my opinion within a strong economic expansion 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