Online Stock Trading | Stop Calling for a Bottom

Stop Calling for a Bottom


Filed Under Market Commentary |

A watched pot never boils.

Stock Market Pundits continue to make “bottom calls” and continue to be DEAD wrong.  The constant watch for a “bottom” will prolong the time table for our stock market bottom.  While the USA will surely suffer more losses, but what will be devistating is the fall of exports coming out of China.  The USA has outsourced its consumer recessionary manufacturing, in essence smothering what potentially could be devistating effects of a declining economy.  So as the “bottom callers” continue to be wrong, the stock market will continue to discount the declining world economy.

At this point in time the market significantly lacks the type of leadership you need to see in order to sustain any sort of uptrend.  Without leadership all secondary indicators like put/call, NH vs. NL, and VIX/VXN.   Even now, these secondary indicators have yet to line up to suggest an uptrend is headed our way.

I’ll reiterate my statement on Friday:  This market remains TOXIC.

MS

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Comments

3 Responses to “Stop Calling for a Bottom”

  1. Stacey Derbinshire on October 26th, 2008 10:00 pm

    A friend of mine just emailed me one of your articles from a while back. I read that one a few more. Really enjoy your blog. Thanks

  2. Stop Calling for a Bottom : Monster Stock Trader on October 27th, 2008 2:00 am

    […] Stop Calling for a Bottom Share and Enjoy: […]

  3. Mark on November 2nd, 2008 5:24 am

    yes, exactly. The more people are over-fixated on the moves in the DOW the more likely it is the bottom is not close. The bottom will probably be after everyone has given up and no one even cares anymore. haha
    nice site you have here

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