Pessimism High? Might Be Time To Buy
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 19 September 2022
⏱️ 20 minutes
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| 0:00.0 | Announcements from the Fed are kind of like early season NFL games. |
| 0:09.0 | You see a lot of overreacting out there. |
| 0:11.8 | BondiFull Money starts now. |
| 0:14.8 | I'm Chris Hill joining me today, BondiFull Senior Analyst, Sean Ratanti. |
| 0:24.4 | Thanks for being here. |
| 0:26.3 | Thanks Chris, glad to be back on the show. |
| 0:29.0 | So I wanted to get your thoughts on a number of things, including just sort of how you're |
| 0:36.2 | feeling right now because I said on the show on Friday, I think I said this, Theran |
| 0:41.6 | Gross, I feel like if pessimism were a stock, I would be buying it because the pessimism |
| 0:47.7 | that's in the market right now is really high and I understand why that is. |
| 0:54.2 | But before we get into the Fed meeting later this week, just generally is an investor. |
| 0:59.6 | How are you feeling right now? |
| 1:01.3 | So funny that you said that quote, Theran, because I think it was Friday, I tweeted out |
| 1:06.9 | that the time to buy is when pessimism is relevant. |
| 1:11.1 | And so I feel the pessimism right now as well, but that's kind of when I get excited. |
| 1:15.7 | I'm not saying stocks can't fall further, but there's that old Howard Marx quote, if |
| 1:20.6 | it's cheap, I buy it. |
| 1:22.0 | And then if the story doesn't change and it falls, I just buy more. |
| 1:25.3 | And so I'm at this point where I think there are some very good buying opportunities. |
| 1:31.0 | And I think it's a good time to nibble, take some small positions. |
| 1:34.6 | And then if they fall more, just and the story hasn't changed, just buy more of those assets. |
| 1:40.4 | Regarding what I'm looking at, believe it or not, one year and two year, US Treasury |
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