MarketLost

Please, Let October Be the Worst of It

October marked one of the few market capitulations we've seen. That doesn't mean that we won't go lower - I think we will make a several new lows. It means that we've entered a bottoming phase that will mark the beginning of a new bull leg within a few months. Whether this is a true bull market remains to be seen, but it is the end of the current bear leg.

Depression's All Talk, So Far

Must be a lot of young'ings here. If you lived through the early 70's and 80's, you'd realize that things can be really bad without being a depression. Trust me, just because you can't get that second car, or 60" TV doesn't mean we've entered a depression.

As for the unemployment stats - you're right. Back then they didn't include women or those who lived on a farm as 'unemployed'. Imagine the rate of unemployment if they included those groups.

Things Could Be Worse...

Oh for Pete's sake, what a bunch of total BS!! It's Y2K all over again. I recall how people were stocking up on everything from beans to bullets during the run up to the turn of the century, and it was just as much of a crock as it is now.

Not only does the list not match up on the points given - it's called reading comprehension, check it out - the list leaves off the most crutial points, which are the differences. Deposit insurance, unemployment insurance, welfare, and Social Security - to name just a few work as counter-cyclical measures to mitigate down-turns such as this. Moreover, the Great Depression was just the worst in an unending series of depressions that occured pre-WWII.

Some people need a history lesson because, obviously, economics isn't cutting it.

Volkswagen Saga: Major Short Squeeze

What a total bunch of hypocrites. For years these guys have instrumented bear raids from the shadows, and then claim that they are helping the market.

Guess, it sucks to have to take your own medicine.

Was Friday's Rally Just a Hedge Fund Short Squeeze?

Gina said "smells like a double shot of PPT working with instant monopoly money "

Hmm, two replies here, and both mention the PPT. Do you believe in aliens, too?

Jeremy Grantham: Stocks Still Aren't Cheap

Why is it whenever I see someone introduce an "expert" with adjectives such as 'highly-respected', I always roll my eyes. Perhaps, like this one, he throws mud at those in power, but doesn't have any constructive plan for how things could be fixed.

How 'bout it? What type of fix does he suggest, or is he just a clueless as those he derides?

The Crash of 2008

Friday was exactly what we've been all waiting for - capitulation. Everything was there, an incredible plunge within minutes of opening, and heavy volume all day.

Historically, we will form a complex bottom, and retest the lows within a few months. Then it's a new bull leg from there.