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What happened last week, and what it may mean for the market in 2020.
Requiem for a Dip-Buyer
That clip from Animal House captures the level of panic we're experiencing with the ever-spreading COVID-19 virus. Up until February 19th, dip-buyers believed that all was well. The 11-year bull market that began on March 9, 2009, had, up until then, been a dip-buyer's paradise. Not any more.
On February 19th, the ground shifted and the rally-sellers took control of the stock market. There has been so much damage done to the dip-buyers, to companies that depend