mixmix83 t1_j2exgfq wrote on December 31, 2022 at 7:33 PM

Sometimes yes, sometimes no. In April 2020 I remember hearing the opinion that the market hadn’t bottomed because there was no obvious capitulation. You can’t time the bottom or the top but I think you can pay attention to signs that the market may be cheap or expensive.

Emotional_Skin_8342 t1_j2fon92 wrote on December 31, 2022 at 10:51 PM

I think you can call it capitulation (loosely, from the Latin, “surrendering your head,”) when the S&P 500 gives up 5% in a single trading day. Until then, look for obvious value and yield in issues like PXD, DVN, etc., and leave unprofitable “growth” stocks alone.