karchad

Jeffrey Saut: We're Raising Stop-Loss Points on All Positions

The market will bounce around in this trading range for awhile. To me, it's a bottom. Pessimism abounds. Not a single person i know wants to put a dime in equities. My opinion of a bottom is also based on the fact that dire and horrible housing news is no longer moving the market. And while GE bad news did down the market for a day, it did not cause much further "destruction". Seems to me like bad news is no longer downing the market (well, maybe a little but not much). That, along with low interest rates, I think we're in a period like late 2002, where the market gyrated. While the bottom was hit in october, the rise didnt occur till March 2003. I see similar action.