Is this the bottom?

What do you think? Is this the lowest that market can go?

 

Bwahahahahahaha.

Look at a monthly chart.

 

I believe Zero is the lowest the market can go.

 

It's funny , some people still believe in rosy markets ,investing will never be the same , as it was a decade ago .you can get lucky here and there , but dont expect 5 dollar stocks going to 50 anytime soon.

 

that depends on your time frame..

 

We have had a huge rally off the October lows. Wouldn't that have been the time to ask about the lows being in instead of now with the Dow and S&P up 17% and other indexes up over 20%????

 

Or I should say, is this the time to go long on some oversold stocks

 

I find such thought process very strange.

Here is a scenario. Assume S&P open at 1300 on January 1st, and on January 20th, it sits on say 1100. Now, if S&P rallies from 1100 to 1250 by the end of January, everyone is saying that the market has rallied 14% or so.

The same applies to the October rally, the market had dipped so much, we got a rally from that. We had a huge rally that made up for the huge fall in the market. Simple as that...

 

I think 2012 will be better than 2011

 

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5 year weeklycandlechart on SPY is bearish/downtrending;
50 week moving average is bearish downtrending also

No,Mr org poster, the weekly/monthly low can go low/lower again;
$77 could easily be smashed/ go low/lower ,again. It has crashed lower before.

SPY looks like sideways slop for now ;
& Jan tend to be bullish, according to 2001 Stock Traders Almanac