Financial strategist George Brooks talks about forging an upturn in the market and what needs to happen.
“That old “wall of worry” won’t go away, will it ? So, accept it. It will hover for many months raising its ugly head to chase investors to the sidelines, and prevent others from buying, usually at opportune times – when the market has taken a hit and stocks are attractive.
I think yesterday’s selloff was more a case of buyers stepping back, than overwhelming selling. Friday’s reversal was accompanied by a huge increase in volume, on top of an equally huge volume of trading Thursday…”
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About George Brooks:
George Brooks started in the investment business as a stock broker in 1962 and quickly gravitated to the research end of the business, first undertaking his own vast study of fundamental and technical analysis, then taking a position as director of stock market and economic studies for a leading money manager and publisher. In 1973, he formed his own firm to provide daily market timing and stock selections for two regional NYSE member firms, as well as special situation research and written analysis for leading investment advisory publications.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
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