I still think we have a bit further to go but positive signals
1) People have cashed out big time
2) SP500 down 38% over the last 12 Months
3) Roughly 13% of companies in the S&P 500 (SPX) have shares with dividend yields that are higher than Treasury bonds. That's the highest level since at least 1994, he said.
http://www.investors.com/breakingnews.asp?journalid=81200599
4) Cramer has never sounded more panic. The cash out call yesterday was priceless
5) Mainstream media is no longer talking recession or buy the dip. We are talking depression
6) People are giving up on the stock Market Charles Smith, a retired former International Business Machines Corp. marketing manager, hasn't dumped stocks since the 1987 stock-market crash. But, angry about the state of corporate America and worried about the economy, he is selling stocks, getting out of his index funds and going entirely into cash.
"This isn't my normal strategy, but these aren't normal times," said Mr. Smith, 71 years old, who lives in Dallas. "The fact that banks have just ruined their balance sheets and wiped out their ability to function realistically worries me," he said.
http://online.wsj.com/article/SB122333567578609541.html?mod=googlenews_wsj
1) People have cashed out big time
2) SP500 down 38% over the last 12 Months
3) Roughly 13% of companies in the S&P 500 (SPX) have shares with dividend yields that are higher than Treasury bonds. That's the highest level since at least 1994, he said.
http://www.investors.com/breakingnews.asp?journalid=81200599
4) Cramer has never sounded more panic. The cash out call yesterday was priceless
5) Mainstream media is no longer talking recession or buy the dip. We are talking depression
6) People are giving up on the stock Market Charles Smith, a retired former International Business Machines Corp. marketing manager, hasn't dumped stocks since the 1987 stock-market crash. But, angry about the state of corporate America and worried about the economy, he is selling stocks, getting out of his index funds and going entirely into cash.
"This isn't my normal strategy, but these aren't normal times," said Mr. Smith, 71 years old, who lives in Dallas. "The fact that banks have just ruined their balance sheets and wiped out their ability to function realistically worries me," he said.
http://online.wsj.com/article/SB122333567578609541.html?mod=googlenews_wsj
