Bottom?
It will get better, sooner than later!
This sounds like the mom telling her son that the swelling and welt on his face will go away minutes after just getting pummeled by the school bully.
Nevertheless, we see some positivity even while stock plunge.
The U.S. economy will recover from the current recession in the second quarter of next year, assuming the credit squeeze in global financial markets improves gradually, according to a survey of 48 economists released Monday. And social media man and market watcher Patrick Kitano just wrote a post claiming that capitulation means we have hit bottom.
Hey Tim,
Thx for the nod... current investor theory has been waiting for this capitulation moment. But, as any investor will tell you, it's going to take guts to buy in this market when 99% are advising selling.
The only small comfort we have is Warren Buffett has buying into this market big time...
Posted by: Pat Kitano | October 06, 2008 at 07:06 PM