Hi ACF Mike, <<I can see that you like grand finales!>> ... this is one of many ways, but a sure way, to ascertain that all the bad news is out.
For example, we can now be fairly certain that Argentina is closer to the bottom than top, inching towards recovery, as it were, twitch by trembling twitch.
I do not always look for the bottom in such a fashion, as I did not in 87, 89, 94, ..., but, this time, the bubble is of really impressive proportions, ala Japan, plus or minus 20%?
I see no particular reason to take a chance, be in a hurry, because financial death can always wait for another day, week, month, or even year.
What exactly is the hurry? Nasdaq 5000? Dow 16,000? S&P 1500? or Abby Jo's new targets?
I will just watch for awhile.
Chugs, Jay |
