Thursday, August 4, 2011

Is this the bottom?

One never comes until we stop asking. Hate to repeat myself, but this is true. You do not know where the bottom is, nobody does. Once price is far away from it, then you know. Once price tested, and perhaps retested the same low level, and held it or bounced hard from it, then you know. Once there was so much pain inflicted on those who bottom fished, and the ones who puked everything out as stock prices moved down in integers, then you know.
So do I know if today was the bottom? Stop asking please, and tell others to stop too; and then we will hit one soon.

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