Excerpt from Louis Navellier's Marketmail - 03/10/2020
source: Parade
Once again, the market delivered massive and jarring reversals every day last week – up over 1,000 points on Monday and Wednesday and down nearly as much on Tuesday and Thursday – so I recorded podcasts every day last week. I’m trying to calm investors, as these gyrations have happened before (in August 2011, for instance), but the market usually settles down and moves on to higher highs. Ironically, after all this daily volatility, the Dow rose 455 points (+1.8%) last week. Here are the links to my podcasts.
Monday, March 2 (+1293.96 Dow points)
Tuesday, March 3 (-785.91)
Wednesday, March 4 (+1,173.45)
Thursday, March 5 (-969.58)
Friday, March 6 (-256.50)
Monday, March 9 (-2013.76)
My main point in most of these podcasts (see my article, to the right) is that with the 10-year Treasury yield falling to just 0.71% at one point, dividend stocks will now be in high demand, leading the stock market recovery. Bryan Perry thinks we should use these volatile times to make money selling covered calls. Gary Alexander points out that there may be another kind of virus infecting the market today. Ivan Martchev thinks oil could reach the $20s soon, and he also has an interesting theory about coronavirus. Jason Bodner sees the market bottom coming March 20. I’m betting on March 17, when the Fed meets. Either way, the end may be near, so please be patient and don’t let the media scare you into selling stocks.
A Look Ahead
By Louis Navellier
Treasury Yields Fall to New Historic Lows
Income Mail
By Bryan Perry
Selling Covered Calls Is One Income Solution
Growth Mail
By Gary Alexander
Are We Being Scared Senseless?
Global Mail
By Ivan Martchev
With Saudi Help, Oil is Headed into the $20s
Sector Spotlight
By Jason Bodner
History Indicates the Market Could Bottom Around March 20