Intermediate bottom is near because...

... I've at least 6 friends, who never cared about their retirement, contact me and ask me if they should put their 401k into cash. And i think at least 4 of them did.

 

If you look at many sentiment indicators, we are close. But it looks like we need one more huge wash out day. Monday? Otherwise we will keep seeing more sideways action.

 

You're right. A really bad day marked with a massive reversal will be what the bulls need.

 

tomorrow could be that day. futures are down >1.5%

 

I did similar observation....time for a dead cat bounce

 

Not sure.

All the Boomers I know are still long.

 

That was exactly what I was looking for. I bought most of my shopping list in equities today.

 

Excellent call, Rice.

 

I covered all my shorts around 12...a little too early as usual...I'm all cash now

 

the value of stock calls are only in hindsight.