User 245119

Have We Experienced a Bear Market Bottom?

There is some interesting comments. I think there is too much uncertainty to assume we have seen a bottom. In periods of uncertainty people base their decision on past experience or perception. The problem with perception is that it often distorts reality. A month ago, all you needed was for someone to sneeze in Iran and the price of oil would jump. Recently we have had geopolitical tension between Russia and Georgia and weather threatening the Gulf of Mexico yet this had no reaction on the price of oil, in fact, I believe oil even went lower (how perception changes). There most probably will be an Act III as referenced by Leh, but will this have a large impact on the market if it has already been factored in as surprises move markets move then expectations.

All things considered, we play an uncertain game and looking forward the market will have to take out 1201 (S&P 500) and 10827.71 (DJIA) to see further downside.

Thanks for the two raspberry rating.

John