Jackson Cash

History Suggests the Financial Bottom May Be Near

"I count ten times this year that analysts have prematurely called for a bottom in the financials and each time buyers have been bitten. We at Lone Peak Asset Management have refrained from making any such calls but it must be noted that this action is different. "

Are you serious?

One sentence you're ripping those that call the bottom, the next you build a case supporting that premise. What a joke. You keep thinking that the bottom is near, particularly when the bond markets get swallowed in this storm.

I'll be expecting the next commentary to reflect 11 false bottoms.