Feverpitched
It is a given that pessimism is high. It is at historic levels for some measures. The media covers the many issues daily.
- Retail Sales are reported as “tumbling”.
- Job Openings are collapsing.
- Layoffs are soaring.
- PMI collapsing
Does Data Back Recession Fears?
Summary
- The one truism which holds is that share prices and investor behavior do repeat even though the context is unique.
- The one element we can count on is that high pessimism is reflected in stock prices and other indicators with which investors can use to gauge market lows.
- One has to learn these things to sort out the opportunities that are present in every market.
Todd Sullivan is a Massachusetts-based value investor and Co-Founder and General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer supports his original thesis. His blog features his various ideas and general commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain's NY and others. He has also appeared on Fox Business News and is a RealMoney.com contributor. He has twice presented at Bill Ackman's Harbor investment Conference and is a regular presenter at the Manual of Ideas "Best Ideas" conferences. Visit his sites: ValuePlays (https://valueplays.net/) , Rand Strategic Partners (https://randstrategicpartners.com)