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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (81489)	10/7/2008 6:31:39 PM
From: Real Man	2 Recommendations Read Replies (1) \| Respond to of 94695

It sure is, but that does not mean an up market tomorrow or the bottom. News are always bad at the bottom, it's true, but headlines can keep being bad for some time. For example, the housing meltdown headlines, including all the cover magazine pictures of melted down houses, were there a few years ago, and housing is still melting down today. I think it's a myth that once the headline is there, markets turn. But you can BET that when the bottom arrives it will be ugly, and they will pick some ugly cover story from "the bottom" for future generations. Doesn't work as a trading signal <g>