Is this the bottom?
Written by d_walter on June 29, 2010 – 08:15
If not, then it’s close. Markets turn at the point of greatest fear or greed. Whether this is that point is unknown right now.
Some positive signs include some of the leaders like Caterpillar, IBM, Apple and others having bottomed in May and making higher high prices and higher low prices since even though the indexes are close to the bottom of May.
Whether I’m right remains to be be seen. Keep in mind that the markets are not an all or nothing game. It’s about probabilities and gains are made longer term when you buy at lower prices. the problem for most people is that they’re only comfortable buying when others are buying and that’s at higher prices.
