Barry Ritholtz, who has been dead right about the market crash, is now compiling anecdotal signs of a bottom. He still thinks we’re going lower eventually, but right now he’s moving in for a trade:
Sad Guys on Trading FloorsThe classic magazine cover:Soup lines on the cover of Time Magazine
Uber bull Jim Cramer, who has been so positive on equities from 14,100 down to 10,000, threw in the towel on Monday:Contrary Cramer Buy Call ?
While we doubt this THE low of the 2008-2010 recession, after a 5,000 point Dow drop, we are scaling in for a decent sized trade. Look for our commentary coming out later this week (after the holiday) reviewing the quantitative data analysing whether this a tradable low or not . . .
We, too, noticed that Cramer call.
See Also: Cramer: PANIC NOW AND SELL EVERYTHING!!!
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