When the stock market goes down, the "specialists" start talking about "defensive" stocks.
Estadão: Ações defensivas para tempos de crise
Defensive stocks, according to the article above, are the stocks that pay high dividend yields.
I heard the same story in 2008/2009, just when the not so "defensive" stocks where incredibly cheap.
I think the contrarian investment strategy is more alive than ever!
Efeitos no Brasil do cenário financeiro nos EUA
3 weeks ago
2 comments:
When market is more depressed like these days, they say it's time to buy, because assets are "cheap", P/BV is below 1, and others bullshits...
But when market goes up a lot, they don't say it's time get out. They continuously say it's time to buy, because of growth.
So you have to take care: all kind of people use to be very optimistic!
http://exame.abril.com.br/seu-dinheiro/acoes/noticias/bolsa-nao-e-para-pessoas-fisicas-diz-especialista
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