When can we truly say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary.
Kaplan based that November caution partly on one of his favorite indicators — company insider selling and buying, which he tracks via J3 Information Services Group. “So what they all have in common is that these very long bull markets preceded the bear markets for so long, that people tended to forget how to invest in bear markets and what they’re about,” he said.
“It kind of explodes the myth that you have to come out ahead if you just kind of hang in there when things are tough,” he said.So how to cope with another big drop. Repeating November advice, he recommends I-Bond or Series I savings bonds that can be bought directly from the government and are currently offering a return of just over 9%. U.S. Treasurys are also paying 3% to 3.5% right now, another way to go for the coming years, he said.
Meanwhile, this 20-year-old made a massive profit on the stock, according to Securities and Exchange Commission filings. Apple AAPL, +0.88% plans to unveil its latest iPhone 14 and smartwatches on Sept. 7, according to a new report.