Ander's Market Theories

[AnderL]

Look at the summations in the IBOX. I don't trust this move up as a major bottom. Not enough divergence. This is similar to the sideways actions we saw just a year earlier. It will be a big bounce. NYA to 6300 Nasdaq to 1800 or there abouts. But we might see it tops there and range, or even a lower low for 2009.

2002 recession took over a year to bottom. We hit the first bottom in 2001 and then went sideways off of 2002 before moving higher and running for the finish line in 03. Lot of audited reports coming out where the numbers will have to jive. that will look ugly. That might be a buy signal on financials because the next year should be better when housing recovers and asset values level off. Lots of cash inflows through bailout money coupled with leveled off valuations means a lot of extra money to put to use.