Open Question
According to the media pundits; the bottom has been hit! For the umpteenth time
at that.
If in fact the bottom has been finally hit. Has anyone taken into account the
HELOCS (equity lines) that are in distress. Not to mention the $8K plus average
balance carried on the credit cards.
I will keep adding to my SKF position.
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Probably won't know the bottom until months after the fact.
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I would never invest my money, with one of these idiots on TV, trying to call a
bottom time and time again. Bottoms don't occur in conditions like these. They
usually occur on one day events, with the worst news possible coming out, and
people are willing to sell at any price to get out.
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the more often people call for bottoms, likely the further we are from the
bottom. People called for tops throughout the 1990's, and the top didn't
actually present until Y2K. Most likely, THE bottom won't actually present until
most people puke their holdings.
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Who was calling the bottom this time? I wonder what they'll say when we breach
sub 11K?
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