Bloomberg/Alexandra Semenova/5-26-2023
“We would characterize this as the bear market is continuing, This is what bear markets do: they’re designed to fool you, confuse you, make you do things you don’t want to do, chase things at the wrong time and probably sell them at the wrong time.” – Mike Wilson, Morgan Stanley chief US equity strategist
USAGOLD note: As Richard Russell (deceased but not forgotten) once put it “bear markets are sneaky beasts and they like to do their damage as secretly and as unobtrusively as possible. I hate to say it but somewhere ahead, the bears going to get it all together and the innocent little stream is going to turn into a waterfall. What can you do about it? Stay out of the market? Protect yourself by remaining in pure wealth, gold.”
