retiredpharma

Preparing Precisely for Bottoms in the Markets

Mr.Jones,

I found your article a useful read and also watch oil and treasuries to try and find a base, but I have never been able to find the " Bottom" although I have looked hard and long all my life through many market gyrations over the last 30 + years. This one is quite different to me somehow yet the similiarities are striking! I remember after 1987 in the October meltdown the same rumblings as in "I will never buy stocks again!"...heard throughout! But sure enough they did. So what if anything is different this time that makes it hard to find this base?

Lack of Trust this time! No punishments that I can see and lots who need a good spanking! Martha went to jail in the Erbitux scandal but these bankers and insurers are getting off scott free! Until this poison is sucked out of this wound it does not heal!!!

It seems like we went after the villians last time but for some reason we are actually giving them money this time around! I find that perplexing and wonder where this all shakes out. I have as low confidence as I have ever had in our Markets today and I am now 57! Been doing this for 30+ years. I have gone hard into cash,treasuries,CD's as of Fall of 2007 and only play the select Bio-Pharma companies I like due to a baby boomer assault on Healthcare that is like a tsunami coming.

I see more of the same in 2009 and this market will soon price in inherent inflation about to come and that will be the next leg down! 2 trillion more debt this time around must be calculated into your "bottom" and we are a ways off my friend!

Frank