Enough is enough. Every sector is severely oversold. I wouldn't buy stocks valued on an extremely high price to sales basis unless there's a viable pathway to profitability on the horizon. While these stocks will rally if the market does, those stocks will be sold hard into those rallies.
You want to buy stocks with solid fundamentals, cash flow and most importantly PRICING POWER and pair that with some quality growth stocks, but growth at a reasonable price.
I'm not trying to call the bottom, but we have to be somewhat close. Don't go all in, but I would do some buying today and on the next rally, sell your low quality stuff that may have substantial more downside.
There's no systemic risk to the market right now. I don't see a recession on the horizon either. The market is going through a valuation reset that's long over due. The sky isn't falling.
Good luck!
You want to buy stocks with solid fundamentals, cash flow and most importantly PRICING POWER and pair that with some quality growth stocks, but growth at a reasonable price.
I'm not trying to call the bottom, but we have to be somewhat close. Don't go all in, but I would do some buying today and on the next rally, sell your low quality stuff that may have substantial more downside.
There's no systemic risk to the market right now. I don't see a recession on the horizon either. The market is going through a valuation reset that's long over due. The sky isn't falling.
Good luck!