Kunal Vakil

Stock Markets Nearing Important Bottom

galewhitaker, its NEVER different. The charts do not lie and they are not lying this time either. This market is very close to a very robust rally that will most likely run it higher for the next 9 to 18 months ahead.

Energy, financials, etc. Didn't we have the same sentiment in 2002 2003 timeframe: war, worldcom, enron, stock market crashing from 2000 highs, overbloated earnings, etc? We then witnessed a gigantic rally that lasted 5 years and didn't look back. This pattern repeats itself at almost every bottom.

I am here to make money, not to pontificate on economic conditions that have no bearing on price movements in the market. Remember, the market is a discounting mechanism. When I see panic, which I have seen, I see the sale coming to an end. That time is near.

Please re-read my post. I am NOT long this market. It is quite the contrary. If you review my history, I have been bearish all the way down from 12700 on the DOW Jones, calling for this financial debacle every step of the way.

I suggest in my post that the market is CLOSE to a significant bottom that I will buy with a 9 to 18 month time horizon. That is CLOSE but not here yet.

"I will be a heavy buyer from 1200 on SP all the way down to 1182 for an intermediate term (9 months to 18 months) hold"

This is precisely my plan