Tuesday, October 7, 2008

Interesting Article About Market Sentiment & Time Magazine Cover

I came across an interesting article from tradingmarkets.com, "Sentiment Now Bearish As All Heck". Gary Kaltbaum talks about many sentiment indicators of a market bottom, and backs it up with 7 reasons. By the way, the Dow at 3:00est is down 311 points to 9,643 and the S&P is down 35 points to 1021 and "Bernanke sees worsening economy, hints at rate cuts".

"I just want to note that all the reactions we usually see at near term lows are being put in place. I did not say bear market bottom... and nothing is 100%. First off... here is TIME MAGAZINE!" Continue with article.

Source: Time Magazine Cover 10/13/08