The Bottom? Nope It’s A Trap!
The news around the globe continues to support the fact that not only are we in a global recession but things are not looking any better for the near term. So why all these bullish news articles this weekend about a bottom being in?
Plain and simple …it’s a trap. This DOW run back to 9000 is like a house built on sand. It may look good to the passerby but the next big wave and down it will crash. Folks, this ain’t rocket science and all the traders calling a bottom here either need a new line of work or unknowingly are providing support for just how little the “pros” really know.
The bottom is not in. And by next Friday’s close I expect the markets will have proven this blog to be correct.
So what do we do as individual investors? Just what we have been doing. We look for “value” in quality companies that have staying power and we wait for them to become 2oversold.
There is no lack of oversold companies right now. But finding the ones that provide “value” ( as readers of this blog know when we talk of value we are speaking of value to the consumer) and have staying power is a little more difficult. We will continue attempting to seek out these companies and will blog about those that are “worth a look” .
2oversold.com is a blog for the individual consumer and private investor. We are not experts in the markets nor do we make any recommendations of any company. The companies we blog about are discussed for the purpose of this blog only and this should not be considered as investment advice.
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[...] Not really. We recently blogged that the current move up in the markets was not sustainable (Read The Bottom? Nope It’s A Trap!) and we continue to think we will see more surprises such as this jobs number as we continue into [...]