davenerven

News Flash: Major Market Turns Aren't Announced In Advance

Tom, I am not a bear but I think we should all heed warnings from AXP and JPM about things probably getting worse, a lot worse. I fail to see how you can call a bottom now before we can see the extent of the problems highlighted by the honest insider predictions from AXP and JPM. Or do you know more than they do? I was worried by the frenzied buying of financials recently. Personally, I would have been happier with a slower rise amid pockets of sinking banks, which would have been a calmer and more reflective statement of confidence. But, instead virtually every bank shot up in unison and that has given yet another opportunity for bears to set their traps. Be warned - you may just be abetting yet another bear trap.