When will it end?
Why should I buy ATHM at 100 when most know that it is headed back to 60. I think that the individual investors are FAR smarter than Wall Street has ever anticipated. There is lots of cash sitting on the sidelines right now.
So the street needed to launch a concerted efforts like they did in the big mutual fund sell-off that caught the attention of CNBC, SEC? and us. . .
When those funds turned around and their sell orders hit, even Tokyo Joe said that the price passed him by so fast that he could not get in . . .I think we all have prices in mind that we would pay for various stocks. . .and one day we should start seeing the better stocks bottoming out. . .
Now we have a slow decline. . . hopefully NOT indicitive of a bear market. . .NOBODY wins then. . not even bears.
I'd say keep your eyes on ATHM, CMGI, YHOO, SEEK, AOL, EBAY, CPA, DELL, MSFT, etc. for bottoms. . .these should give us an early indicator of the market bottom.
Rande Is |
