Stock Market Bottom? Of course, for the 10th time, the bottom is here

It amazes me how I can read so many articles time and time again, or watching the pundits on CNBC fleece the public into thinking the bottom is either here or very near. Do people suffer from short term memory problems? Or are people wising up to the fact that these "experts" are really no experts.

Month after month, over 80% of the experts and money managers say we are almost out of the woods. They say things like, "Its a buyers market", "Invest for the long term". The narrow sightedness of these people is appalling. Half of them should be shot for swindling people into investing recklessly on the way up, and now its holding on the way down. Why do people continue to listen to these people who got them into this mess? Instanity.

Very few of these experts, study economic history, except the 1 to 40 years of experience in their own lives. Since when is 40 years a snapshot of everything that society has lived through? This is precisely why history repeats itself.

They don't do any long term projections. They don't pull up charts showing how this macroeconomic formula shows that this imbalance has now been corrected. Of course not!! They are fat cats just spewing hopes and some minuscule sliver of micro economics about X data figure looks good so thats the sign we need.

You could take any month in the past year and hear them say, its about over or it will be next quarter. Of course people believe them because that's what they want to hear as they have thousands being drained from their 401'Ks and Retirement plans. I feel so bad for people after the market is down nearly 50%!

So when is it going to be over? You don't need to be a rocket scientist to figure it out. If you study the many theories on social mood, that I have mentioned before, it all makes sense, usually after you have lived through it. SO try to live through it by studying history, i.e. the great depression or other times in World history like the Japan's 90's economic deflation crisis or the economic disaster of the Revolutionary War.

The big picture says this, "when people are afraid, I mean really afraid like sworn off the stock market afraid". When most of your friends say, "Stay out" or have dire stories of how they lost almost all of their life savings. That is the time to buy, that is when the bottom is in. This is no minor correction. Right now they are still exuberant to get in, afraid to miss the capital gains, as shown by the many volatile swings upward. Social mood comes in waves, so don't expect it to bottom all in a straight line now.

Not to toot my own horn, but thankfully, there are people who can make money on the way down, puts and shorts like myself have a field day. Many say its not right to make it on the way down, but honestly we should have never gotten that high in the first place. Besides, people lose on the way up if they don't sell, in fact, you could have been the one who sold the stock to them.

Look at the market going down near 7400, then up for a few weeks and then down again some more. Its real easy to say and swallow when you haven't been sold a bill of goods for the past 10 years. I am sorry for anyone who has been sold this bill. Next time, run from market hysteria.

Best of luck, happy investing.

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