We often pose the question, will the bottom hold? Guess what we found out today!
It probably will, according to Oppenheimer chief market strategist Carter Worth. He says the violent moves up and down are quite optimistic signs. “The market is in the throws of pricing in all the bad news that’s coming. It’s in a process of stabilizing and healing.”
As we’ve told you before Worth recommends being all in, on the long side. And that’s a controversial thesis to say the least. But once again he tells Dylan Ratigan on “Closing Bell” “It’s right to take the road less traveled. I think one is better served by buying and not selling.”