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Non-Tech : Kirk's Market Thoughts
COHR 175.60+3.0%3:59 PM EST

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To: The Ox who wrote (3438)9/22/2015 12:41:18 PM
From: Return to Sender  Read Replies (5) of 26788
 
Not quite a 9-1 down day but as most probably already know a bear market can have numerous 9-1 down days before it ends.

I really think we will end up finding a short term bottom in the not too distant future.

That said whatever I might buy at that time I will not be holding expecting higher highs.

I think 2016 could be pretty awful for the stock market.

If the Fed thinks zero interest rates can avoid something that is already happening i.e. a worldwide economic slowdown then they are just plain wrong.

At a certain point private investments (I am not talking about buying stocks) rather than government intervention has to be counted on to lead an economic expansion. When we have an actual economic expansion commodity prices will rise. Stock prices will rise based upon actual earnings growth rather than stock buybacks and layoffs that make earnings look better due to lower costs and lower numbers of shares in a stocks float.

I still think we are in a Fed induced stock bubble.

JMHO, RtS
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