The doomsayers are out there along with the scary headlines, especially after investors have already experienced the new bear market. It’s easy to shout that the situation must inevitably worsen, now that they’ve deteriorated so far and so quickly.

However, in my view, investors appear overly pessimistic and there is too much talk of doomsday outcomes and apocalyptic forecasts. I think investors should start preparing for better times ahead.

Stay alert and be ready to shift from macro, technicals, and other investment tools, and turn back to earnings revisions to help add alpha to your portfolio. Remember the old Wall Street saying, and it rings true no less now: When you should be buying, you probably won’t.  There’s a lot of fear out there. Clients and subscribers can click here for the full report.

I’d like to point out in this note a few important factors:

As we noted here last week, some key aggressive tactical indicators flashed buy last Friday, March 20, after positively inflecting from extreme negative readings…This historically suggests a high likelihood that a tactical trading bottom was in place that would tend to last only 1-4 weeks and fail.Our work suggests that it’s unlikely that all the selling pressure is over, and that volatilit...

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