Question: "What kind of stock market bottom is this when bulls don’t even acknowledge the US is in recession, probably the worst in decades?"
Compare Jim Cramer’s “I am calling the bottom” and Maria Bartiromo’s “Blue Skies, Blue Skies, Blue Skies!” in August 2008 with...
....
Newsweek September 1974 “Is there no bottom?”
Business Week 1979 market low “Death of equities”
New York Times August 15, 1982 “Dark days on Wall Street”
Templeton October 1990 “Universal pessimism… the worst I’ve ever seen”
THAT is how bear markets end. The current situation is how they begin!
fredag 8 augusti 2008
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