Staples of modern civilzation ($WM)

12 de mar. de 2020

In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom.

That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NOC and WM are two stocks I've been watching and waiting for an opportunity for a long time. WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).