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Politics : Sioux Nation

DJT 10.95

-5.3%

Dec 1 3:59 PM EST

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To: SiouxPal who wrote (162433)	3/6/2009 9:18:06 PM
From: stockman_scott	Read Replies (3) of 361346

The bottom line is the stock-market action we’ve witnessed since late October looks uncannily similar to the bottoming process witnessed in late 2002 and early 2003. The utterly rotten sentiment, the overwhelmingly bearish SPX action, and the volatility signatures all match remarkably well. Despair reigns supreme and seemingly only fools hold out hope that things will materially improve anytime soon. Just like back then, today it is easy to be short but sickening to be long. But I learned my expensive lesson on this mindset 6 years ago. When things look the bleakest is exactly when we need to hold our noses and buy. With the parallels between then and now uncanny in many ways, all the ingredients are in place for a monster rally. Since today looks, acts, and feels like an SPX bottom, odds are it is indeed an SPX bottom... zealllc.com

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