By Steve Sjuggerud in DailyWealth:
On March 20, I titled DailyWealth "A Dramatic Turn for the Better."
I laid out our True Wealth "script" for making money... with the conclusion that "Now is the time in the script that you want to buy stocks."
...According to our Script, corporate bonds always bottom first.
They bottomed on October 10, as measured by shares of LQD (which is an index fund of "investment grade" corporate bonds). Shares of LQD are so high now, chances are excellent the October bottom was the "real" bottom.
Copper was next, bottoming in December. It dropped as low as $1.25 a pound. Today, almost unbelievably, it's nearly a dollar higher than that. It's been a huge move. Like in corporate bonds, chances are excellent the low in copper has been hit for this cycle.
Following the Script, the stock market bottomed in March. Just like in corporate bonds and copper, we've seen a great rally in stocks. Stocks bottomed around 666 on the S&P 500 Index...
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