Zekeko

Market Memory: An Abbreviated Tale Of Two Bottoms (Part 1)

It's a good argument to ask the mainstream media like CNBC what bottom are they talking about because that's all they talk about. Are we going to retest the bottom? CNBC may be the best contrarian play out there. When they pump you dump! When Cramer says buy you run to the hills! When they scare investors out you buy. I know it's never simple like that but I like your point that the Dow jones and S&P 500 are distractions when the real story is about individual stocks.

You may be right on that this market can jump higher because way too many people missed the bottom and aren't invested. Everyone on CNBC telling you it's overbought and about to drop wants to buy the market much lower that's all. And they are getting crushed shorting since 666.