Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (37157)	7/15/2008 12:42:33 PM
From: carranza2	Read Replies (4) \| Respond to of 219750

Things are oversold, IMO, but earnings season is here so there will have to be some very good news to corroborate possible bottom. Not going to happen, IMO. Not quite yet. Financials still selling more equity, still raising capital, not lending, re-sets coming, recession unemployment figures not yet disclosed - or felt. The regional banks, the most exposed and least protected, are still in the process of getting hammered. Comm'l real estate still not taken the hit it is going to get as unemployment drives discretionary spending down and malls, stores, hotels, and other businesses dependent on comm'l real estate get hit. Inflation not yet felt as it will be felt. Oil still very high. No, bottom is definitely NOT in, IMO. But yes, things are oversold and there will be a rally or two, followed by more direness.