Updated: June 6, 2016
It was fun while it lasted.
I’m talking about the brief buying opportunity last winter, when the S&P 500 plunged 10% in the first six weeks of 2016.
On February 10, the day before the market hit its midwinter trough, I bet that it was ready for a turnaround, as the number of bearish option bets had hit a 10-year high—a clear contrarian indicator.
I then gave you the names of three stocks to buy straightaway. As if on cue, all three went on to clobber the index’s subsequent 13.3% rise: Ventas Inc. (VTR) exploded for a 33% gain, while HCP Inc.… Read more