On May 7th, Jeff Mortimer, CIO of Schwab’s investment management arm described the stock market low of March 9th as a “textbook bottom.”
Shame on you, Jeff. How hard is it to look back and see a bottom after a 36.4% two month gain (on the S&P 500)? And how do you know that the market won’t retreat to that level again? And what exactly does “buy the dips” mean anyway?
Read the disclosure.
