Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The recent market turmoil has seen some decent gains for those who have been predominantly bearish for a while in the face of an unprecedented bull market. Buying the dips, a wildly successful strategy for the last ten years, suddenly doesn’t feel so clever. My own view as to whether this time might be different was to look at the world’s favourite stock Apple (NASDAQ - AAPL) and see if it would lose its trillion-dollar market cap and then some. That to me would be a signal that the selloff has legs. That has now happened, and I believe that the long overdue reality check has started and is by no means over.
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