[Billy_bob_bob]

I've said it before and I'll say it again, I am VERY bearish on the markets. I believe we still have a long way to go before we "hit bottom". We are only just beginning to see signs of real capitulation in the markets.

Everybody is looking for the "real bottom" of this market. I can't tell you a number, but I can tell you what to look for. When the day comes that the average "guy on the street" would rather pull their own teeth out of their head with a pair of rusty pliers before they would buy a stock, that is when you will have "hit bottom". Not before then. We still have a long, long way to go.

My advice to everybody reading this? Get OUT of all equities, get OUT of all debt, get into cash. Don't carry any debt at all if you can avoid it. If you are a football fan think "DEFENSE". There is NO SANCTUARY in this market, all stocks are going to get pounded by the time this is all over.

Of course, this is all IMHO, your mileage may vary, contents may settle during shipping, etc.

[grania]

When the day comes that the average "guy on the street" would rather pull their own teeth out of their head with a pair of rusty pliers before they would buy a stock, that is when you will have "hit bottom".

ROTFL Bump!

[Soren]

Right on, brother! When I see these guys on CNBC and Bloomberg talking bottom and that it's time to buy, I want to reach out and smack them. The idea of nailing the bottom, getting in on the action, being a player is bubble mentality. The name of the game right now is survival (i.e. capital preservation). Why does anyone have to get in at the so-called bottom? Given the uncertainty right now (the market could easily fall 50%), it makes much more sense to wait until the next bull is firmly established before getting in. The trend is your friend, and right now the trend is DOWN.

[Semaphore Heathcliffe]

I believe we still have a long way to go before we "hit bottom".

If you look at long-term (all available data) for the three major US indeces, they essentially followed the same path over the past twenty years (working from memory here). Assuming that the charts are roughly identical, the Nasdaq has fallen through to a point that roughly correlates with 2000 on the Dow. Considering how closely they tracked each other on the way up, it makes sense that they might likewise track each other on the way down. 2000 Dow looks possible, if not likely, if this most rudimentary of TA is valid. And since the Naz is still apparently trending down, sub-2K Dow might be in order.

[Washington-Husky]

Of course, this is all IMHO, your mileage may vary, contents may settle during shipping, etc.

....and objects in mirror are larger than they appear. lol