Wednesday, February 18, 2009
This is a follow up to yesterday's post. The point here is that major market bottoms almost always occur when panic reaches exceptionally high levels, as it did last November. If history is a guide (it doesn't always repeat, but it often does rhyme, as the saying goes), then the bear market lows occurred last November 21st. Sure hope so, as this bear market is getting very long in the tooth.
Posted by Scott Grannis at 7:23 PM