John Pseudonym

10 Contrarian Reasons for a Bottom

When the market rallies on bad news, it's a bottom; but is it the final bottom?

I say no, It's a temporary technical bottom.

8000 and 9000 are big technical numbers.

The closer we get to 9000, the more you want to be in a short position.

This is not your fathers recession. This is the beginning of a new era and things will not be "as they were" 3 months from now.

The government is doing everything it can to re-inflate the housing balloon. But the hole is too big and all efforts will fail.

Deficits will explode

The economy will contract and then become stagnant.

Unemployment will be at least 9% and then some type of bottom may be in.

But the era of the "borrow and spend" economy as it was is over.