- Joined
- May 7, 2005
- Messages
- 6,793
Calling the bottom is difficult, it is more psychological than technical.
The bottom will come when the good news starts to outweigh the bad news.
There is a lot more bad news to come and little sign of good news. We have yet to see the inevitable credit crunch when companies cannot get funds to pay other companies and this will come as one example.
This time compared to 2008 the good news will be more medical than financial.
Once the markets recover confidence and the pent up deferred consumption is released expect inflation.
The bottom will come when the good news starts to outweigh the bad news.
There is a lot more bad news to come and little sign of good news. We have yet to see the inevitable credit crunch when companies cannot get funds to pay other companies and this will come as one example.
This time compared to 2008 the good news will be more medical than financial.
Once the markets recover confidence and the pent up deferred consumption is released expect inflation.