ajtj99's Market Pulse

[NYTT]

Why you single out October 2002 to compare? Why not April 2001, Sep 2001, July 2002, and Sep 2002, Feb 2003 and March 2003? Just because if compared to other times other than October 2002, we are right at the top?
No way current situation is close to October 2002.
In October 2002 market experienced 10 months decline, and all sentiment indicators were at extreme .
Check VIX, P/C and trinq at the two bottoms, you will see big difference between the two situations.
NAMO at 56 are telling the top is close. You attach your personal sentiment on it and make it to 66 before the top.
You were looking for a perfect bottom at the bottom, now you are looking for a perfect top at the top.