It's not over...
Felix Zulauf (via Barron's round table)
Do you have any specific investment picks for the second half?
I don’t. Investors should tighten risk-management strategies to their portfolios. I expect the FANG stocks and the Nasdaq to have a big selloff. They could easily fall 30% or 40%. But I don’t want to end my Roundtable career on a bearish note. [Zulauf announced at the January Roundtable that he is “retiring” from the panel after this year.]
Once the bear market is over and the recession or economic crisis passes, stocks will go up again.
FANG Stocks just took out Friday's flash-crash lows...
This is the biggest 2-day drop for FANG stock since Feb 2016 - just as the world saw a global recession hitting and central banks started coordinated money-printing to save the world.
And all of them are in trouble... but NFLX is leading to the downside...
And AMZN is resting its flash-crash lows...
Nasdaq dip-buyers were "Gartman'd"...