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Stocks ‘Nowhere Near The Bottom’ With Panic Absent
"We're nowhere near the bottom," someone quoted by a mainstream financial media outlet said Friday,
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CNBC BRUNELLO ROSA OF ROSA ROUBINI?
Looking forward to reading your autobiographical fiction. Especially on the days when it is so painful to read about the “truth”.
“But apoplectic isn’t the same as panicked. Being angry and incredulous isn’t tantamount to being scared, and generally speaking, you need panic to set in before it’s possible to call a bottom.”
I think you’ve hit on something here. I’m not seeing panic, at least in my small world of investors I know. Some are digging in-holding what they have willing to “ride it out.” Others are looking for opportunities. Some are angry, “Another s%^t day in the red again!”
So the moods range from tenacious to cautiously opportunistic to frustrated and angry. I certainly don’t see any panic.
Index volumes for the last 11 trading sessions have been billowing.