DOW SP500 Bottom October 2008 Market alert (signal, call, etc): we interrupt regular blogging to announce that the market has just given a second chance bottom signal for those who missed the bottomed last Friday:

11:14AM, October 16, 2008, we are at a stock market bottom.

A rally is around the corner. We do not know what justification they will give for it, but they usually do give explanations. Markets have nothing to do with those justifications!

UPdates:

1. DOW is now in the green at 8717.
2. This blog call was the bottom, the dow was at 8200.
3. Profits of this blog's call are more than 500 points in just a little over an hour. (Nailing the bottom: priceless :-))

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2 comments

  1. Derek  

    October 19, 2008 at 8:01 AM

    Hi,

    With all the ugly figures released last week, I am very concerned if Dow bottomed.

    You believe Dow already priced in, don't you?

  2. LogicGirl  

    October 20, 2008 at 10:02 AM

    I read in a newspaper that one of the reasons behind the higher opens and negative closes in the past five days is due to (1)sellers luring investors into snapping up bargains early in the day, and (2) giant hedge funds selling towards the close to meet redemption calls and settle margin loans. So question is, has the giant hedge funds finished their selling?

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