"Bottoming" is the PROCESS.
It
does not happen overnight, especially after humongous loss if
credibility by people who were suppose to safeguard all the weak links.
Instead - we are treating the very same people who screwed up like our
own children, we have no choice but to forgive, and being Americans, to
forget...and pay up...again...and again...
And just like in case of
(I will be politically correct now) having "mentally challenged"
children - we will be paying up all the way, we have no choice, we were
left no choice...except for the difference that we might just stop
"loving" our government and pull the plug one day...
Well, 'nough ranting, we can change nottin anyway.
Bottom
after bear market (which is really just momentum/grows crowd performing
panicky selling after being unpleasantly surprised that all
"money making fertilizer Chinese cannot live without in reality is just another, pardon me, form of feces/tulips"So,
with momentum "hot shots" getting annihilated on yet another pipe dream
( like Pete Najarian's "Coal is a REAL Story"), market plunges and
value investors, so called smart arses say their famous "I told you so"
and they keep saying that until ...until valuations price in
"unavoidable" Armageddon. So, value guys and girls (
like Karin Finnerman who thought of (C) as a value play since $27) stepping up to the plate and start buying with all the money they managed to keep while saying "I told you so"
That is component #1
When
that begins to happen, the last shorts, who are smart and diligent,
begin to cover positions they were holding for ages in order to protect
profits they made by being smarter than hopeful idialistic late to the
party idiots longs.
That is component #2.
And only after that
bagholder "Mad Money" watching Joe Schmoe who was waving the flag all
the way to the bottom and sold when Jane Schmoe divorced him for being
an idiot and a gambler, so that Joe makes few extra dollars during few
months he's been out of the market ( normally from 6 to 18 months - new
money does not come easy) and then he decides to put cash back into
mutual funds, of course by that time they normally 10-20% up from the
point where Joe sold out. This is when "The new Big Thing" begins to
develop.
And we all know how it ends up every single time, we
heard it and, may be, said phrases like that ourselves: "I think I will
retire at 50 with the way stock market/real estate/fertilizers/tulips
are doing..."
Good luck suckers!
DavidDT
P.S. Valuations are really tempting now - start buying ...suckers!
P.P.S Word
feces was used in place of "other speedo syndrom type word" which was removed from this post WITHOUT my explicit content and with no placeholder left in place - which IS ilegal.
