This alarming headline appeared in 

on the 31st March and was written by Christian DeHaemmer. He reported on a historical even from 1907.

"

Legend has it that in the Panic of 1907, with the world crashing about him, J.P. Morgan strode into NYSE, stood on a table, and with an hour to go until close, bellowed, “Buy!” thus saving his bank, all banks, Wall Street, and the U.S. harvest. This event, in turn, led to the creation of the Federal Reserve in 1913.

This pithy anecdote is only relevant in a tangential way, as I was having a Slack (NYSE: WORK) conversation with the esteemed Brit Ryle, senior editor of Wealth Daily.  

Saying that I couldn’t wait for the next earnings season, I asked when Alcoa (NYSE: AA) reports. At which point he informed me that AA no longer leads the earnings season and that JPMorgan Chase & Co. (NYSE: JPM) reports first now. And they do on April 14, with Alcoa following the next day.

But what he really meant was that Alcoa got dropped from the Dow 30 stocks back in 2013 after being a component for 54 years and, therefore, can no longer lead the blue chips."

There are some interesting points to note:

1. You see, stock markets don’t just crash, it is a process like walking down stairs. 
2. Yes, stocks are cheap, but they will get cheaper.
3. What you want right now on your buy list is everything: value, growth, cashflow, balance sheet, supply chains, dividends, and demand. And if you are patient, you can get it.
4. he bottom isn’t in until there are “We Buy Gold” places in every strip mall, and Warren Buffett is in front of cameras talking up his great buy on some huge, well-known companies — and pundits are calling him a fool.

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