Quote of the Day: Public Service Announcement! – Private Wealth Advisors

Tuesday, March 24, 2020

Quote of the Day: Public Service Announcement!

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

Bloomberg Asia analyst Garfield Reynolds echoes our messaging (on bear market rallies) herein: emphasis mine…

“With Asian stocks soaring in the face of dire PMIs and continuing country closures, MLIV brings you this public service announcement:

Be careful of bear-market rallies! They can be massively powerful and lure investors back into assets they will later regret buying.

Tuesday’s surge in risk appetite again looks dangerously overblown at a time when it looks way too early to call the bottom for many assets. More sedate rallies would be much more reassuring than the current wild rebounds.”

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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