Monday, December 15, 2008

Nobody Knows

.. what the hell is going on in the market. I have heard a lot of bullish sentiment lately but despite that we are still headed lower. How much lower than our previous lows will be go? Anyone's guess really. As time goes on today, I think more and more we are headed lower. If we do head back to Dow 7500 and S&P 750 territory I doubt we will go much lower than that for any prolonged time period. My guess is that when it's all said and done we will have a nice example of a double bottom bear market.

Since I'm a dumb optimist I will continue to buy stocks.

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