Q: Is this a good time to buy XQQ? I only have a 2.5% current holding at this time?
Thanks
Thanks
5i Research Answer:
The Nasdaq 100 is currently down about 22%, and was down as much as 25%. While the markets could decline further, and it is tough to time bottoms, there have been many positive signals that have been triggered recently. For example: the VIX has spiked, most markets are in bear market territory, valuations have become more reasonable, certain markets are breaking down (oil, bonds, the credit markets). These usually signal good long-term buying opportunities, but there is likely to be a lot of volatility in between, and potential further downside. We would comfortable buying here today.