RCA

Four Commonsense Clues to a Genuine Market Bottom

On Nov 19 03:24 AM FB5000 wrote:

> Cramer is the gold standard of investment advice schlock. 5 Cramers
> is the ultimate schlock advice. You get a 3 Cramer rating.

Have you noticed that in the last week or two Cramer has reversed course? He formerly was "Stocks are cheap! Buy, buy buy!" But lately he's been saying, "Keep your powder dry," and "Techs are nowhere near the bottom yet." Can we use him as a contrarian indicator now and proclaim a bottom?

Unfortunately, I believe that Cramer just wants to get on the "me, too" bandwagon before he makes (an even bigger) fool of himself, and he doesn't really have a clue (as usual). We are nowhere near a bottom, yet.

A couple of remarks I heard today, both replete with scholarly and compelling arguments: "Stocks will fall 15-20% more" and "The DJIA will be at 6400 by the first week in December."

Check your own tea leaves, charts, and economic intuition and act accordingly.

Four Commonsense Clues to a Genuine Market Bottom

On Nov 19 01:26 AM TraderJoe100 wrote:

> So many people think this is the low...so, this is almost certain
> to be the low. How could so many be wrong?

Indeed! We should take a vote! That will tell us if we are at the bottom! :-)