Is the bottom in?

It seems most of the market participants believe the bottom is in on the equity, with the Dow, S&P and Nasdaq way above the minimum of March after a 7 week (bear) Rally. I am not so convinced and therefore stay almost fully cash waiting for the true bottom to be in. If I am missing the biggest opportunity of a life, then be it. But I strongly doubt. Have a look at the below charts, courtesy of William Hester of...

S&P starts with an 8

839.80 S&P touched 839 today, time to cash in the second pizza. Time to go long the market? I doubt… It’s better and safer to let the dust clear, even if this means potentially missing a 20% or plus upside. The situation is so dire, that you don’t really know what’s next. Also, from an economic standpoint, the worst is still to come. We might see lower levels in the months to come. 750...

S&P below 1,000

Just a quick update on the bet I made with a friend of mine I hinted to a few blogs ago. I was giving the S&P 12 months to touch 1,000 (at the time I made the bet, the S&P was trading around 1,300), and it just touched it yesterday, closing at 996. I’ll collect my pizza when my friend comes back from the red sea. He works in finance, but every time there is something interesting going on, he is missing...