Home » Finally… A Bear Market!

Finally… A Bear Market!

Finally… a bear market!

Well, almost.

The Nasdaq is down almost 18% from its highs. A “bear market” becomes official after 20%.

But it is looking more and more likely that we will see it.

So why am I excited by this?

Simple.

Bear markets set up the next wave of winning stocks. 

Remember the 4 stages of the stock cycle? I’ve talked about it in several past posts.

Growth stocks surge and collapse in a repeatable pattern over time. Take Crocs Inc. (CROX) for example…

Crocs Inc. Price & Technical Analysis – Source TradingView

Shares surged 600% between 2006 and 2007 in a meteoric Stage 2 uptrend.

But nothing goes up forever.

As expected, the price eventually collapsed.

Note the huge red selling volume in November 2007. That was your clue. That is major institutional traders dumping the stock and heading for the exit.

CROX eventually traded down to $1 a share.

But guess what?

The cycle repeated itself again.

Last year, CROX hit $183. That’s an 18,000% gain from the 2009 lows!

Fast forward to today, and we have again entered a Stage 4 correction.

Crocs Inc. Price & Technical Analysis – Source TradingView

Is now the time to buy?

Absolutely not.

You never want to buy on the way down.

But CROX will set up again.

The stock will find a bottom, consolidate, and breakout in a new Stage 2 run.

And that is where you want to buy for maximum gains.

So don’t let this bear market get to you. Get excited. The next wave of winners is coming. And we will be there to buy them when the time is right.

Embrace the surge,

Ross Givens

Editor, Stock Surge Daily

Brand New Strategy for Profiting from AI Stocks.

There’s a brand-new strategy in 2024 for going after big profits in AI stocks. It has nothing to do with Nvidia, Microsoft, Meta – or any of the big AI stocks the media can’t stop talking about.

It has to do with a fast-moving “backdoor” that has opened in the AI market... A backdoor that could send a very special class of AI stocks rocketing into the stratosphere.

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

STOCK SURGE DAILY
With Ross Givens

Looking for an edge? Ross has the inside scoop on top analysis that will help grow your portfolio.. Receive a new stock opportunity every day and get ready to see your investment SURGE!

Tech stocks are rallying – and Ross Givens’ #1 Tech Stock of the Decade has been making BIG moves you don’t want to miss.

Whats in the Article