March 18th 2008
When Will This Recession End…
A little MSM for you reading pleasure:
http://www.cnn.com/2008/POLITICS/03/17/poll.national/index.html
Ok, so how do you know this Recession is going to end. Honestly, it needs to get worse. As far as sentiment goes, when it can’t get any darker, you know the corner is close. It may be 6mo or 2 years, but it’s when everyone feels like there’s no hope. That’s when things start to change.
I don’t really put too much confidence in this CNN poll. I think we could drop for some time. But let’s look at a chart:
We’re in our third wave of selling. It is my experience that the waves beyond the third wave are more prone to failure. I’m not saying we won’t go lower and I’m not saying we’re going to rally.
What I am saying is if you haven’t gotten short by now, I would keep that capital close. There will be another opportunity.
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2 Comments »
Options Strategery on 18 Mar 2008 at 11:53 am #
We need a solid down day with heavy volume. I was hoping for that Monday but it was elusive.
Joe on 13 May 2008 at 8:26 am #
If americans would stop buying and loaning out thier lives we would rebound. Why is it so hard for them to see that???