The Leaders Won't Turn This Market Around Anytime Soon

You would hear blame coming from the excuse makers... check! Have you seen them blame the short sellers. Yes... it was the short sellers that did all this derivative nonsense! Just remember, blame comes from people who have missed the bear market or have caused the bear market.

During a bear market, you always get big selloff days! Check! And that is what we are seeing now. Big selloffs always occur to wash out the late sellers at the most inopportune time. Big selloffs always occur with the worst possoible news and the most dire of talk. It is these panicky selloffs that most often lead to a good low. Don't ask me why - I just know the characteristics.

I am chomping at the bit here. We are finally getting the coughing up that has occurred in every bear market on record. Yes, what we are seeing is unprecedented when it comes to the financial meltdown. But while everyone is now coughing up, I am looking for the characteristics of a turn in the market so I can buy while the world is panicking... just like I sold before everyone started selling. The only characteristic that has shoed up is the panicky selling. Hopefully, we can get a washout soon... as the news is now "horrific" causing many to now worry about our whole financial system. Yes, I am worried also. This is unprecedented and as I have told you, the people trying to solve the problems have been the causes of the problems... and that in itself scares me.

Hoping for better days ahead.

Disclaimer: The opinions expressed herein are those of the writer and may not reflect those of Wunderlich Securities, Inc. or any of its affiliates. The information herein has been obtained from sources believed to be reliable, but we can not assure its accuracy or completeness. Neither the information or any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

Email Article

Read/Post Comment

Printer Friendly

Email This Article

Please enter the following:

Your Email Address
Friend's Email Address
Message

Post a Comment

Please enter the following details:

Name
Comment

Read Comments

No Comments Posted Yet.
Be the first one to post a comment.

Related Articles