Tom Lee says don't buy the dip just yetI like this guy Lee, sometimes his enthusiasm can be a little over the top but in the end he was right. He stuck his neck out last year calling for a big gain in the S&P while many other analysts called for a hard landing and recession. But, for the next month, he is bearish and recommending investors hold off any new positions as he sees the market selling off a bit more before going back up.
"While we normally like to buy dips, the surge in the VIX says we gotta take buying the dip extra slowly. A buying opportunity could come soon, as the market looks poised to bottom." https://finance.yahoo.com/news/dont-buy-dip-stocks-just-005558044.html