Thursday, March 12, 2009

Where We Stand

As you know, I have called the bottom of the market. The Dow will not go below 6,000.

And as you also know, I don't know what I'm talking about, and nobody can call the bottom of the market.

So with that in mind, this chart from, via the outstanding blog, Calculated Risk, is very interesting. You've got to click on it to do it justice.

The great rally we've had for the last 2 of 3 days is hardly an uptick.

But I'm still an optimist.


Anonymous said...

You could be discouraged by this chart, but you could also say wow, look at the upside potential. I choose that. Meanwhile, the most important interview of the past decade took place on the Daily Show tonight, on which Jon Stewart interviewed Jim Cramer. Bop, link it! -Ted in VA

troutay said...

I agree. It was quite an eye opener.
Cramer was not comfortable at all and every time he tried to make excuses, Jon called him on them.

I wish more people had the nerve to have done this a long time ago.