Well SO, you can validate just about ANY viewpoint if you look hard enough, and turn enough stones over. There's a statistic or stock chart out there somewhere to support every side it seems. Sure, things look pretty bad now- but imagine how bad things looked in 1932, and that was the best time to buy in the past century..
This is a nice story here- kind of confirms the theory that Joe 6 Pack has pretty much given up on the market: Message 17708509
>"We're going to be working longer, so we have to get ourselves in better shape," adds Mrs. Flynn, a secretary at a local insurance firm who doesn't expect Wall Street to recover within her lifetime.<
IONA- didn't they make the 2nd round of the NCAA about 10 years back. <g>
Yes there are still a few stocks hitting historic lows- but alot of these shell companies don't really have much of a history. They were bubble IPO's designed to enrich the people that took them public. That one, IONA only goes back to 1999, the height of the tech bubble. Typical IPO bubble ream job. Companies go under every day. It's just more apparent rt. now. because so many people lost their arses on them recently.
There's a good chance that we've seen the peak in new lows, IMO. And it's a lower peak than last fall..
stockcharts.com[m,a]daclyyay[dd][pb5!b10][vc60][iUb14!La12,26,9]&pref=G
I would never have 'invested' in anything like the stocks you are mentioning in the first place- particularly in 1999, like J6P did. I did trade a few of them however, very cautiously.
Dow is breaking out of downtrend off monday and friday's highs.. |
