Market bottoming?

Question

With the endless parade of experts on Bloomberg and CNBC calling for more destruction I can&#x27;t help but think markets are close to a bottom.  All these guys were telling us to hang in there and buy quality for months and now the safe bet is to say the Worlds coming to an end.  Heck this summer I saw the CEO of First Trust screaming he&#x27;s buying LEH, BAC, WB, C as we&#x27;ll never see these deals again LOL.&#xD;&#xA; I especially like when they bring on these under 35 traders and "analysts" talking technicals and a break through 800 on the S&amp;P as low as 650; like these kids have a clue.  Might start nippling outside of the PM market soon.

PALLADIUM · Answer

With the endless parade of experts on Bloomberg and CNBC calling for more destruction I can&#x27;t help but think markets are close to a bottom.  All these guys were telling us to hang in there and buy quality for months and now the safe bet is to say the Worlds coming to an end.  Heck this summer I saw the CEO of First Trust screaming he&#x27;s buying LEH, BAC, WB, C as we&#x27;ll never see these deals again LOL.&#xD;&#xA; I especially like when they bring on these under 35 traders and "analysts" talking technicals and a break through 800 on the S&amp;P as low as 650; like these kids have a clue.  Might start nippling outside of the PM market soon.

accventures · Answer

I agree barring some huge, unseen event

kingpincarbs · Answer

are we watching the same thing? Kudlow Dennis kneale and all the other cheerleaders have been calling a bottom since october....and again nobody knows how many bad assets there are so it is possible for the S&P to go to 650 and the dow to go to under 6000, this isnt a normal market that we have seen in our lifetimes....definately unchartered territories....btw take a look at the nasdaq almost 10 years later and not even close to the levels.

KOAJ · Answer

no...no bottom anytime soon. dont believe the hype

our government is so stupid to think they can fix this and will bankrupt us in the process

there is no confidence in washington and the banks balance sheets are still a mystery

you can trade this market but dont call a bottom...nowhere close

KOAJ · Answer

you mean like every country in the world printing money as fast as they can because they&#x27;ve run out of credit?its happening...our government is bankrupting us doing the same thing

Sherman79 · Answer

i agree. you cant predict the market bottom. If investors are not going to put their money back into the market, it is going to keep falling. And people are going to stay out of the market until we see some confidence in Washington which isnt going to happen anytime soon. People are not going to risk losing their money when they dont know what to expect. Congress is throwing away trillions of dollars into stimulus packages that are not going to do much.  It is supposed to create 3.5 million jobs, but theres not a lot of finacial people that got layed off going to go out and build roads, so im not sure how they expect that to work.

KOAJ · Answer

It is supposed to create 3.5 million jobs, but theres not a lot of finacial people that got layed off going to go out and build roads, so im not sure how they expect that to work.
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Now what obama says "will create or save 3.5 million jobs" so he is in a win win situation how can we dispute how many he saves?

kingpincarbs · Answer

It is supposed to create 3.5 million jobs, but theres not a lot of finacial people that got layed off going to go out and build roads, so im not sure how they expect that to work.
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Now what obama says "will create or save 3.5 million jobs" so he is in a win win situation how can we dispute how many he saves?

PALLADIUM · Answer

Kingpin,I&#x27;m not talking about Larry Kudlow that guy is a moron and has been calling Gold to 200 for 6 years LOL.  I&#x27;m talking about all these gurus they have on and I&#x27;m not recommending buying anything tied to financials.  I do see some things breaking out I.E Biotech, BRIC, Non leveraged closed ends.  Put a small amount of money in these areas via Unit Trusts on 1/26 markets lower andI&#x27;m up around 7%.  I am lookingat infrastructure names too at this point.

PALLADIUM · Answer

btw take a look at the nasdaq almost 10 years later and not even close to the levels.

The Nasdaq was trading @100x earnings on the stocks that actually had earnings. That was a bubble but the S&P below 20x earnings is usually a buy. I don't have the figures in front of me but I'm assuming S&P is around 10x now that said I'm looking for cash rich, low multiple companies that are growing revenues regardless of what index they trade on and will begin picking; yes I will use trailing stops.

PALLADIUM · Answer

Looks like I was wrong

Market bottoming?

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