Replies to post #43383 on Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

I'd have to add GLW (Corning) to that list. They are suffering due to perceptions that they'll be extremely hurt due to flat screen television downturns (weak economies blamed). Rewind to '99 & '00: they got nailed because they were perceived to be a tech company & tech was being slammed (so Corning got it too).

Frankly, Corning is much more than that. I opened a position yesterday & hope to add to it.

I like your list, however.

A double is fine by me!

[Dimension]

...and i do think some will go under. there is cash out there, but they may be waiting for fire sales.
With all th indices putting in new lows in the last couple of days, the question now is where is the next heralded bottom. soon we may know. i say 'soon' only because of the spike in volume, vix and new lows...which typically indicate a bottom is near; problem is we dont know at what price that will be and can only speculate. my gut tells me any washout at this point will take us much lower...fast, powerul and intense.

the other thing on my mind is the 'bottoming process'. if most market (as opposed to trading) bottoms take 6 months or more to form(painted as double or triple bottoms on the chart)..given that we just made new lows on all indices, we haven't even had the first bottom yet of that process...