facebookIn the past week, I see markets going up in view of the situation in the US and Europe is turning the corner in terms of infection rate....is this rise sustainable? - Seedly

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Anonymous

16 Apr 2020

General Investing

In the past week, I see markets going up in view of the situation in the US and Europe is turning the corner in terms of infection rate....is this rise sustainable?

Do you think that it'll continue to increase? or is this momentary?

SeedlyTV S2E02

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Hi anon, the thing about the stock market is that no one can predict what it will do next.

There's a camp that feels the current market rise is a dead cat bounce while the other camp thinks the rise will be sustainable.

Instead of splitting our hairs on what the market will do, I think the more sensible approach is to focus on the fundamentals of the company we want to own and its valuation.

If the valuation makes sense given its future earnings potential, we would be better off over the long run by buying the business, regardless of what the market does.

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