Brian WesburyVerified account@wesbury
It’s the Day After Christmas and stocks are on sale. S&P 500 selling at roughly 13.1 times 2019 earnings. This is the best buying opportunity investors have seen in years.
Yes. Typically in bear markets (recession) earnings estimates as well as multiples get lowered. Ideally you want to buy when they're "throwing the baby out with the bath water". We're no where near that now.
This bear market, if that's what it is... is just getting started.