Too much talk about "this is the bottom"

Discussion in 'Trading' started by timetotrade, Oct 10, 2008.

  1. Two things I have heard too much from all the analysts that appear on TV---

    1) This is the capitulation and the area of the bottom

    2) It is too late to sell now

    Now the scary thought---the market always surprises! Can it actually fall farther from here over the next week.

    Even in 1929, it fell about this much percentage-wise and then rallied over a few months (to then fall a lot further in the subsequebt years). Is there still too much complacency now to muster a real capitulation and then a big snapback rally?
  2. vix over 70 - almost double previous vix peaks


    at every panic low, there is the fear that the bottom is going to completely fall out

    this may be the time it's actually true
  3. All it takes is for people to believe!

    (God, that sounds so corny)