7/12/2021
By Charles Payne CEO & Principal Analyst

Talk about standing up to adversity.

I have written countless times about the resolve of this market, which climbed off the canvas after hitting a low back in March 2009 and again in March 2020. But unfortunately, it’s not just buying the dip; it’s also attacking the dip and ignoring the experts, who have become merchants of doom.

They have the biggest platforms and sit on a pile of degrees, and yet the best they can do when there is a whiff of problems is dive into the nearest foxhole and tell everyone else to do the same. When the masses refuse to take the bait, they are ridiculed and called names.

Through it all, the market keeps rocking. Yes, everyone gets rocked from time to time, but holding on has been good. Buying fear instead of embracing it has been the absolute best approach. I can only say congratulations to the individual who overwhelmingly remained bullish or neutral. 

Stay Excited and Engaged

Summer is here, and the living can be easy, but stay abreast of the market. You cannot panic at the first sign of trouble. I saw that last week with a few subscribers, and I knew a few things immediately:

• They haven’t been in the market long.
• They want to be investors as long as stocks are going higher.
• They want to take losses because stocks and the broad market are down.

I only ask that you be cool and relax…there will be tougher tests down the road. Right now, however, I remain extremely bullish on individual opportunities. It is a stock picker’s (and holders) market.

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies

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