ddtuttle

Why Are Perma-Bears Coming Out of Hibernation and Recommending We Buy?

None of us has ever been through anything like this. Well, a few 100 year olds maybe. But generally the judgment of experts is useless because they have no experience with this kind of market. In fact, they're sure they can look at the last 30 years of data and see what's going to happen now. But the information you need is not contained in short term historical data. That `makes experts less than useless, and down right dangerous.

The perma-bears have been waiting their whole lives for this. The only problem is they've never been through it. So they dust off their 30% down rule, and start buying. The problem is there is NOTHING fundamental is going up, as listed in the last comment. The market may go up against all odds, but we have a lot more bad news to ripple into earnings before you should start buying. If the market turns back up 6 months before the end of the recession (another piece of trivia that might be useless this time). look for a turn around in June of next year, not now.