As long as people continue to call a bottom, one will not appear. when the last seller leaves the market, then a bottom will begin to form. Mutual fund and hedge fund redemptions are the "sellers" I am taking about. Mom and Pop have been priced out of the market already. Buy and Holders will not sell (Warren buffets of the world). So, when a bottom occurs, investors will see it. Invest after the bottom occurs--why try to call it and be wrong every time? Funds with tons of money can afford to buy as the market declines; most of us can't.