mrbill

Market Will Bottom When VIX Finds a New Top

Here's what's in the works:

* Massive bankruptcies, corporate and municipal

* More job losses

* Earnings that keep going down
(it's priced in, sure...)

* Massive commercial real estate bust
(the next shoe, hanging by a thread, IMO)

* Government intervention making things worse

* Taxes going up

* Social breakdown/civil unrest

* Threat of war(s)

Nevertheless, I'll just let the VIX tell me when to buy. Sure.