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To: Return to Sender who wrote (43141)1/30/2009 3:32:12 PM
From: Kirk ©  Respond to of 95574
 
Yes, I agree caution is in order because it is a pretty severe bear market. I was struck by how SIMILAR it is to 2002/3 but I'm not convinced we don't go lower before turning. I'm long and about the same asset allocation I keep all the time... which means I've been buying when the market was lower but scared to add with it up now... in fact, I was taken out of one winning trade for a small gain then the ETF went higher so I was TOO cautious.

I put some more VIX charts here
kirklindstrom.blogspot.com



To: Return to Sender who wrote (43141)1/30/2009 3:37:17 PM
From: The Ox1 Recommendation  Read Replies (1) | Respond to of 95574
 
To be fair, RtS, you stated that you weren't "convinced" we had seen the bottom. At that precise stage of the bottoming process, its very understandable that you weren't ready to say, "all clear...load up the boat".