Hogwash..... Instead, it's just getting harder to find winners. Sorry, but when everyone is so bearish (ie the crowd), it's usually better to go the opposite way.
YTD they're 144 stocks that are at least 2x their Dec. 2021 closing price and 42 that are at least 3x. Mostly energy, which makes sense kinda? I mean there are plenty of reasons to avoid the sector, but the prices have bounced off multi year lows and are leading sector for the year.
Just because our chosen method has not been working lately, maybe it's time to adjust our method.