Interesting signs of a real bottom in the bear market

Discussion in 'Trading' started by jbtrader23, Jul 13, 2002.

  1. not necessarily <b>the</b> 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 <i>had</i> 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....
     
    #11     Jul 13, 2002
  2. Vishnu

    Vishnu

    Last week a cabdriver in NYC asked me what stocks he should short.
     
    #12     Jul 13, 2002
  3. 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.
     
    #13     Jul 13, 2002
  4. nkhoi

    nkhoi Moderator

  5. 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.
     
    #15     Jul 13, 2002
  6. -- and when pigs learn to fly.
     
    #16     Jul 13, 2002
  7. When Cisco has a P/E under 30

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

    When gold hits $600

    Runningbear
     
    #17     Jul 13, 2002
  8. MACD on the monthly chart turns up

    S&P 500 trades above 1177

    Runningbear
     
    #18     Jul 13, 2002
  9. dis

    dis

    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. :D
     
    #19     Jul 14, 2002
  10. 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? <font size=1>(I don't think so, but I couldn't resist calling attention to the irony).</font>
     
    #20     Jul 14, 2002