The Rally That Wasn't

And... contrarian investing still applies

You’d be forgiven if you got exited this last week.

After all, this bear market is long and hard, and any signs of life can quickly ignite hopefulness. For risk assets (stocks and crypto) that came earl in the week, when a relief rally sent the Dow soaring, the NASDAQ climbing, and Bitcoin over $20,000.

But all sputtered and died.

Bad news about OPEC cuts, fears of a global recession, the war in Ukraine, and general malaise continue to plague us like rashes we can’t shake.

We ended the week in same place we were before.

And no, that’s not a great feeling. It’s a reminder that bear markets are absolutely horrendous, with downward twists that leave investors shaken and breathless in a bad way. On Friday I got a Roth IRA statement I promptly shredded—it is down 27% just this year.

So sad, it’s almost funny.

Of course, that means the headlines are negative, especially when it comes to Bitcoin and crypto.

But make no mistake…

Those who take risks when times are tough are the ones who emerge stronger when the good times return. Those who say on the battlefield when others have left the fray are the ones who have a chance to remain victorious.

And those who do the opposite of the conventional wisdom often succeed too.

How are you being contrarian?

The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.