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 Where's The Bottom ?

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Thump

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Location : Central Florida

PostSubject: Where's The Bottom ?   Tue Mar 03, 2009 10:27 am

This probably isn't it but I don't really know where it is. One of my brokers said
if it went down below something it could go down to something else.
I went below the something but is still pretty far above the something else.

Yesterday's close:



Stocks usually start going up about three to six months before a recovery
begins. No sign yet so it looks pretty bad.

PS: That wasn't it, here's 3-3-09:


Thump
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rockhump

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PostSubject: Where's The Bottom ?   Thu Mar 05, 2009 6:36 am

I have to think that we are at the bottom or very close to it. I have heard on CNBC and other places that this recession may be different in that we'll need some glimmers of an economic turnaround before stock prices will pick back up. Maybe the markets being forward looking is just another fallacy similar to the buy and hold philosophy?
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Thump

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PostSubject: Re: Where's The Bottom ?   Thu Mar 05, 2009 4:19 pm

Every time we have one they say "It's different this time" but it never is.
And I still believe in buy and hold but it's for the long term and dividends
are important to get the full return. We went down again though and I
have no idea where the bottom will be but it'll be a great opportunity
for those with cash who aren't afraid to invest.

If businesses don't make money, nobody works and everybody will be out
trying to catch something to eat. No doubt the dollar will be worth crap
since they're throwing so much of it away so a company that can make
money and raise prices as the dollar goes down will be the only game in
town.


090305

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PostSubject: Where's The Bottom ?   Thu Mar 05, 2009 9:38 pm

This looks somewhat accurate and helps make sense of the mess..

http://www.crisisofcredit.com/

http://www.crisisofcredit.com/
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PostSubject: Re: Where's The Bottom ?   Fri Mar 06, 2009 5:55 am

I'll come back and watch it later after you Ma gets up. Looks like Asia
is taking a beating.
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