JKA

Barron's Calls a Bottom

This is all to do with confidence. Blame it on Bush, Obama, short sellers, banks, all of us for speculating on property... Yes, we are all to blame.
Stop looking at the past to predict the future. This event is in no way like any in the past, only may be the thirties as the cause of both was excessive leverage.
It is really absurd that these financial gurus constantly look at their past charts to predict the future. The basic investment warning is that past is no indicative of future, but yet we are bombarded with all this goobledegook (sorry if spelled incorrectly).

The blaming and all this cheap prediction does not reverse the course. What is needed is swift actions by the government in all areas to restore confidence. Getting people to work is by far the most important single factor to restore confidence.

Forget about banks being too big to fail nonsense and stop pouring money into these bottomless parasites. Let them fail. If there's money to be made in the areas they operate, surely their "vacuum" will be filled by current and new participants - after all did anyone compensate you for the money you lost on your stocks? Aren't all of us together much larger than anyone entity to fail?

Lack of confidence as measured by various indices indicates the market may very well turn lower and unless there is massive selling and huge exodus, the contrarians won't be coming on to take advantage.