The UNTHINKABLE is about to happen to Stocks (Get READY!)

Tom Nash•Mar 31, 2026

Summary

Tom’s main thesis is that market cycles move from euphoria to depression, and the current 'extreme fear' sentiment is the best time to build wealth. He uses historical S&P 500 PE data to show that buying when the forward PE is low (ideally around 11, though currently at 20) historically leads to significant annual returns. He warns against following the crowd into defensive stocks and instead advocates for buying high-quality tech stocks that have overreacted to macro sentiment. His strategy, 'Double Down DCA,' emphasizes being selective, maintaining cash for potential further drops, and ignoring price drops caused by company-specific failures in favor of those caused by macro concerns.

MSFT: Tom notes it is down 26% and represents 'double-down DCA territory.' He highlights its dominance in enterprise software and cloud services. Despite the drop, he views it as an elite company at a discount with a 2027 forward PE of 19 compared to its 42 average.

AMZN: Tom points out that Amazon is down 13% and has essentially been flat for five years despite strong cloud growth. He identifies it as one of the best opportunities due to its 2027 forward PE of 21 being 70% below its five-year average. He recommends it as a core tech holding during this volatility.

NVDA: Tom highlights that Nvidia's 2027 forward PE of 15 is 77% below its five-year average of 64. He describes it as 'the only game in town' for AI hardware despite the recent 12% price drop. He classifies the stock as heavily oversold and a massive opportunity.

GOOGL: Google is down 13% and is becoming vertically integrated in the cloud sector according to Tom. He notes its forward PE of 19 is below its historical average of 23.3. He views this as a prime example of an elite company selling at a discount due to market sentiment.

TSLA: Tom mentions Tesla is down 21% recently, making it an attractive target for investors. He emphasizes its leadership in robotics and AI as a long-term growth driver. He includes it in his list of 'oversold elite companies' currently available at a significant discount.

PLTR: Tom views Palantir as a major beneficiary of both the AI revolution and current geopolitical tensions, noting it is down 18%. He highlights its historical volatility but stresses that it remains a high-potential opportunity during periods of 'extreme fear.' He recommends buying during these dips for long-term gains.

CRWD: Tom describes CrowdStrike as the 'Nvidia of cybersecurity' and notes its 15.2% price decline. He considers it an elite company that is currently discounted by the broader market. It is one of his seven key stock picks for the current environment.