the online trading community was even worse. it was full of scalpers, doom and gloom, and people who thought it was a good idea to go short both FAS and FAZ. /eyeroll.
Maybe you should re read my post. I will agree most people had no clue the bottom was in To me it was clear. GE signaled the bottom on Mar 4 2009
If you know who the leader is then the market follows the leader. This makes finding the bottom much easier. GE led the bottom by 2-4 days. I predicted GE would fall to $6 months and months before it happened back when it was in the $20s and Buffet was buying it and doing something he never does. Go on TV and tell people he was buying and to buy. That was a huge clue the market was about to fall off a cliff which it did. Buffet was trying to prop up the market fall 2008. He also bought Goldman swacks right before it fell off a cliff. Yes he made money on both but if he had waited he would have made more.
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