http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vDlq_wyqEv_Q.asf An excellent 23 minutes of sound, T/A evaluation of where we are and what to be on the lookout for in the coming months/years............ worth the listen. Steve
Did y'all "buy the dip bulls" catch the comment about "extended oversold is the hallmark of a bear market"? Bottom fish here with great caution and at your peril.
I think it's good news. She makes a good point about oversold conditions being dangerous in a bear market, a lesson I learned at my expense having literally averaged down in the crash. However at this juncture I believe it's wrong to think you must wait for the oversold condition to be relieved as she says. I respect her work but I also think she's wrong about the dollar (she says it's a pullback, com'on look at cable) and commodities, especially oil (also a pullback within an uptrend she says). This is in no way a pullback IMO, this is either a multi year reversal or the break of the trend for a large range .