Interesting signs of a real bottom in the bear market

chasinfla · Jul 13, 2002

not necessarily the bottom.

When the two local papers carry stories about retired and handicapped people who are 'scared' about the declines in their portfolios.

Does anyone remember the days before everyone had a portfolio? That was a real bottom.

A friend told me about the 70's when traders were breaking down at their desks and crying....

Vishnu · Jul 13, 2002

Last week a cabdriver in NYC asked me what stocks he should short.

Stockjobber · Jul 13, 2002

I've noticed the talking heads and gurus on CNBC have been talking more and more about a prolonged recession/bear market. Which of course means a recovery is around the proverbial corner.

nkhoi · Jul 13, 2002

remember Nextcard ? http://www.nextcard-visa-credit-card.com/

dotslashfuture · Jul 13, 2002

The Bear market will finally end after:

-the indexes have been "rebalanced" to the max and the listing requirements are in full force again. The worst stocks have to be allowed to fall into oblivion. Out of the indexes, out of the mutual funds.

-the last of the big accounting scandals comes out

-the last of the big layoffs happen

-the dollar vs. euro bottoms out.

goldenarm · Jul 13, 2002

-- and when pigs learn to fly.

Runningbear · Jul 13, 2002

When Cisco has a P/E under 30

When the S&P has a P/E under 15

When gold hits $600

Runningbear

Runningbear · Jul 13, 2002

MACD on the monthly chart turns up

S&P 500 trades above 1177

Runningbear

dis · Jul 14, 2002

One out of three recently published investment guides at a local bookstore is bear market related. Three years ago there was only one such a book: "The Bear Market Baloney" by Wade Cook.

chasinfla · Jul 14, 2002

Here's an interesting tidbit. From the sentiment perspective, Prechter writes that, when books about gloom and doom start hitting the market (and maybe the best sellers's list) -- remember Howard Ruff? -- then a bottom is nearby.

Interestingly, he's just published (another) one himself.

So, is Prechter's book about the coming market collapse a sign of the bottom? (I don't think so, but I couldn't resist calling attention to the irony).