K Ackermann

Welcome to Wall Street, Barack Obama

When John Boggle calls the market way oversold, he destroys trust in himself, and that is not a good thing for a fund manager. As George Bush about the value of credability.

It's real simple folks: until you start hearing good news, then the market will continue to retreat.

If you day trade, then the market is beautiful for just playing leveraged ETF's. If you are only looking to go long, then you probably have been loosing a bunch of money, and you will continue to every time you buy a 'value' stock.

From Sept to Oct, Merrill lowered the earnings estimates across the S&P500 nearly 25%, so when you feel good about buying a stock with a P/E of 8.00, you should get ready for a revised earnings estimate that will keep your P/E at 8.00 even as the stock continues to tank.