Market appears to be headed for a big rebound today, have we hit a bottom???
Answers
279 points
thinker70 answered one month ago …
Don't be FOOLED by bear market rallies, usually they are an opportunity to sell into strength weak stocks you are holding. Ask yourself whether anything fundamental has really changed?
Maybe FEAR is residing temporarily, but has creating $700. BILLION in new dollars that dilutes the value of all existing dollars and sadding the already stressed taxpayer with higher taxes (in future to pay for it) SOLVED the fundamental problem, I think not!
ONE DAY is not enough to make a valid judgement on whether we have reached a bottom. There have been other rallies a thousand or more points ago that could have been interpreted by Wall Street promoters as a BUY signal. Better to wait until a FIRM TREND is established and miss what proves to be the ACTUAL BOTTOM just a little.. NOBODY consistently picks either bottoms or tops, better to ride an established trend.
2641 points
MNSL answered one month ago …
According to some analysts and investors, we have reached the bottom.
Markets are unpredictable. All depends on how market forces react to the situation.
At the moment crowd behavior and market psychology has become more important than other factors
However As per book called the next bubble boom
-written by Harry S.Dent, Jnr
He says:
Bubble after bubble in the ongoing bubble boom:
Oil bursts, the Housing Bubble fades, and stocks emerge into a Greater Bubble That Finally ends in 2010.’
In that book also have mentioned:
We as investors need to first accept that we are in a bubble boom, and hence, should continue to expect stronger booms and busts in rotating sectors until this growth boom or bubble stage in the eighty-year New Economic cycle is over around 2010, when baby-boom spending and new technology penetration rates are projected to peak.
It further says: Next decade belongs to Asia. He encourages to invest in Asia.
Now I can believe him. Some of his forecasts are correct. It is happening one by one. now.
Now It is time to invest in next rotating sectors.
400 points
spider348 answered one month ago …
Agree with thinker70. The rally on 10/13/208 was on light volume. It was Columbus day, bond markets were closed. Public participation did not seem to be involved. Most of the stocks I track throughout the day were sideways. On light days like that, prices can be easily pushed by hedge funds and other houses which might account for part of the extreme move in some of the indexes. Bottoms take time to form and usually get retested.
Read more from spider348 flag as abuse great answerMore from this Category
Some best hedge fund mangers are adding following stocks? Should we too buy now?Asked by MNSL in General Market 11 hours ago
Some best hedge fund mangers are adding following stocks? Should we too buy nowAsked by MNSL in General Market 11 hours ago
Is something is wrong with Goldman Sachs to come down it’s share prices badly?Asked by MNSL in General Market 12 hours ago
