Thomas Winmill, president and portfolio manager of Midas Funds, told CNBC’s “Squawk on the Street” that investors should consider buying stocks on panic dips and selling on market spikes.
“I think we’re going to see more panics,” he said Monday. “As the market goes up, you tend to see sell-offs the way we had in late February. If you had bought at the bottom, March 5, you would have seen a nice 5% increase.”
He said there’s no way to know for sure when the market has bottomed out, but keep an eye an quality stocks in a downbeat market.