Interesting signs of a real bottom in the bear market

Ladies and Gentleman (ta-da)
A sign of a bottom and a top. When people that I told to get out of the market in Jan 01. Now have started to call and ask what they should do. We are getting closer to the pit. When my emotions tilt overly to a direction. It's time to go the other way.
I'm not there yet. I need to buy a place because rentals are going
to high. It has got to be the top of that market....Murphy's Law..

Meet Murphy
:cool:
 
8. A book such as "Dow 3,000" making the best seller list (i.e. The opposite of the infamous Dow 36,000).


I think Pretchers book is the #1 business seller on Amazon. A broker clock is right twice a day.

Brandon
 
I don't really know why this is so difficult to grasp and why so many people get lost in ill-defined pseudo-psycho-concepts like investor fear, market panic, total capitulation, etc. If 9/11 didn't accomplish that, what will? WWIII?

I think that the market will turn as soon as the average PE ratio drops to historical levels and, at the same time, reported corporate results start getting really good for the second quarter in a row. Simple as that. All other "turns" are ephemeral and trader-driven, whether they be caused by small traders or mutual funds. For a market turn to last, the big money needs to get involved, and they need to see, touch and feel a good earnings picture to justify the risk they will be taking.

For me, the best (but not infallible) barometer is the weekly COT reports, whic I believe have a success rate in the 70% range. Follow that and don't jump the gun too much. The good times will return for the bulls too, the bears are getting tired. :)
 
Originally posted by moffitt
Oh BTW
wasn't Alan Greenspan in charge all this time????
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You wanna know something? All these gov't hacks should rot in prison, Dem or Rep. They're all on the take. The biggest perpertrators of fraud and deceit reside in Washington D.C. - - - District of Criminals.

And I just love the irony of House members trying Traficant on ethics charges. Oh yeah! Like they're all squeaky clean?!! 3/4 of them are probably scared shitless that their asses will be next.
 
The real bottom is when the fortune 500 corporations getting start to invest in IT aggressively. I don't hear that. I only hear lay off news every week from fortune 500. :cool:
 
Originally posted by jbtrader23
I watched with interest today after the close how CNBC and CNN would portray this decline. Think about this, we are at 8,000 on the DOW and there hasn't been a major terrorist attack after 9/11. Imagine where the DOW would be if there was? Even with the VIX plus 40, and other indicators saying it's time for a bottom, people seem complacent. CNBC interviewed people on the street in Washington DC and they all seemed nonchalant about it. Like "oh, it's no big deal". It'll come back. No one seemed overly concerned (paniced).

$11 billion mutual fund outflows for the week? Jeez, there have been trillions put into mutual funds over the years. $11 billion hardly seems like a panic. Maybe $100 billion would be.

It's going to take at least another 1,000 points of decline to get people attention.
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It's a bit out of date but worth knowing....
http://www.trimtabs.com/charts/monthly_liquidity_data.html
 

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Originally posted by chasinfla
...when Prechter is on the cover of one or more of:

Business Week, Barrons, WSJ, People.
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well, the July 29th issue of Business Week did have a nice big picture of a grizzly bear and dedicated almost the entire issue to the problems with the markets...
 
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