Ep 169: Vernon Bice: Old Is New, Sideways Is Up, Hunting Vs. Hiding
Investing With IBD
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How to Prepare for an Early Uptrend in the Market
Vernon: Right now that hunting list is full of red, meaning there's still a lot of down trends out there. But when we do start to come out of that correction, what will happen is those downtrends will all of a sudden turn into first snapbacks. And that says to us this can potentially be an early uptrend, right? So think about it in IBD, you talk about climbing the right side of the cup and how stocks just look. Vern: Only one out of eight former market leaders make it to an all time high again. Average market leader corrects about 70, 72%.
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