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Originally Posted by Phanuthier
Thanks again to our 2 resident experts and others
To me, the lows where we broke the resistance levels on the DOW and NYSE, correct me if I'm wrong, but weren't alot of stocks getting artificially pulled up by a new trader in the game, i.e. the feds?
To follow MoneyGuy's advice (and I realize the dangour of believing too much of the internet) I keep watching closely for when the end of this bear market is and the start of the bear, but the news just keeps getting worse and worse. Largest number of job loss in x number of years, projects getting cut (info from some friends working in design houses), the High-Tech has gone through massive layoffs the past 2 weeks, this week they recorded the largest drop in sales in however many years.
Are those the fundamentals / indicators that you are talking about Slava?
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Absolutely. That and the numbers that we appear headed for in the historical context could be much worse. For example the housing correction in the US is not yet in line with the historic norms for a recession, let alone the fact that this recession is being led by that sector.
I do agree with your sentiments about timing the market though moneyguy...but suffice it to say that there are a lot of people who try this, and over the past 12 months they have been rewarded for doing so.