Three hosts, One topic, three takes. “Bloomberg Triple Take” takes one issue affecting global markets and the economy and splits it into three angles. The program hosted by Caroline Hyde, Romaine Bostick and Taylor Riggs uses the power of the Bloomberg Terminal, Bloomberg Intelligence and Bloomberg News to provide analysis and data that can’t be found anywhere else.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
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The S&P 500 is down 10% this year, but there’s no way to know if this is a good time to buy.
Michael P. Regan
With U.S. stock market indexes taking some nasty dips recently and the S&P 500 down about 10% for the year even after a May 4 rally, it’s open season for one of the most popular—and most dangerous—sports on Wall Street: bottom-fishing.
As the phrase implies, bottom fishing entails trying to spot the low point of a market selloff to make some big stock purchases and reap outsize rewards from a quick rebound. It should be stated up front, and in boldface type, how risky it is to attempt to time the market like this. It’s a matter of luck as well as skill, so even those who get it right find it hard to repeat their success. Anyone who listens to sober-minded financial advisers will know to avoid big moves in and out and be content knowing that as a regular saver trickling cash into investment or retirement accounts slowly, week by week or month by month, you’re probably already doing a little bottom-fishing, anyway.
