9 Reasons Why We Are Close to, If Not Past, the Bottom [View article]
Another call for insight from you folks who know more about this stuff than I do:
1. Technical analysts, and in particular the bottom-callers amongst them, evidently rely on history as a guide to the future. As they look back in their charts in search of comparability, where is it that they find the confluence of a financial system implosion, an apparently deepening economic slowdown, the end of an epic credit bubble, massivley overleveraged consumers, a government risibly in hoc - worse than that, in hoc to foreigners - and a deeply manipulated system of capital allocation which has not been allowed to properly adjust?
2. Why should stock market participants care more about the name of the month than the fact there is a black hole where the financial system used to be?
9 Reasons Why We Are Close to, If Not Past, the Bottom [View article]
1. Technical analysts, and in particular the bottom-callers amongst them, evidently rely on history as a guide to the future. As they look back in their charts in search of comparability, where is it that they find the confluence of a financial system implosion, an apparently deepening economic slowdown, the end of an epic credit bubble, massivley overleveraged consumers, a government risibly in hoc - worse than that, in hoc to foreigners - and a deeply manipulated system of capital allocation which has not been allowed to properly adjust?
2. Why should stock market participants care more about the name of the month than the fact there is a black hole where the financial system used to be?