tag:blogger.com,1999:blog-30128229.post2649725950212295068..comments2023-09-30T07:11:55.493-06:00Comments on MarketFN.com: The Trouble with Calling a BottomInvestment Househttp://www.blogger.com/profile/14771320644915759241noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-30128229.post-35299295138686287452008-10-12T11:42:00.000-06:002008-10-12T11:42:00.000-06:00I believe predicting the top or bottom depends on ...I believe predicting the top or bottom depends on the timeframe you play. I think the bottom could be zero based on the monthly timeframe, but of course the extention is so big that a bounce is near. Waiting on a reverse on daily base is an option I think.<BR/><BR/>Ivo Leclère from BelgiumAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-23200598583337111702008-10-12T09:40:00.000-06:002008-10-12T09:40:00.000-06:00I don't think we've seen the bottom. But what do ...I don't think we've seen the bottom. But what do I know? Not much. One person I know predicts that the Dow will fall below 3000. I suppose it could happen. At this point all bets are off. But if you consider the ramifications of the Dow dropping that far, that's really scary. Confidence non-existent .... crime, suicide, divorce .... all up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-60761517409272189652008-10-12T09:37:00.000-06:002008-10-12T09:37:00.000-06:00Hi Mark. As I have written many times, Trend Trade...Hi Mark. As I have written many times, Trend Trader is purely a bullish service that is why it only recommends bullish trades. The same is true of $10 Trader. Of my three services, only Option Trader includes bearish plays. Most subscribers are stock buyers so that is why the services are designed to be bullish and that is why I have made very few trades recently in Trend Trader and $10 Trader and regularly written in the Weekly Summaries to paid subscribers that cash is a good place to be at the moment. There is no inconsistency. I have been saying this all along.<BR/>Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-61194988327994180972008-10-12T09:36:00.000-06:002008-10-12T09:36:00.000-06:00Thanks for writing, Ron. Indeed, things are bad i...Thanks for writing, Ron. Indeed, things are bad in the financial world. None of us knows where it will go, but on the positive side, we are seeing what must be considered some great value buys emerging in the markets, at least from a traditional perspective. I am seeing quite a few companies, for example whose book value is higher than the share price. In other words, the "break-up" value is greater than what we can now pay for the stock. P/E ratios have fallen dramatically and that, too, suggests value. Markets generally respond to value and though problems still exist, there are positives out there as well as negatives. <BR/>Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-37744457083948052542008-10-12T09:34:00.000-06:002008-10-12T09:34:00.000-06:00Jerry C, ain't it the truth? Thanks for the great ...Jerry C, ain't it the truth? Thanks for the great comment.<BR/>Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-22243338180160604302008-10-11T19:05:00.000-06:002008-10-11T19:05:00.000-06:00We need are at the right side of the chart. But in...We need are at the right side of the chart. <BR/><BR/>But in the Trading Service, you only recommends bullish trades, on downward trend charts. <BR/><BR/>I would like to know why this inconsistency.<BR/><BR/>MarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-50891322935325632232008-10-11T18:49:00.000-06:002008-10-11T18:49:00.000-06:00Mr. Kraft,First, I find you to be one of the bette...Mr. Kraft,<BR/><BR/>First, I find you to be one of the better (as in reasonable, realistic, informed, mature and honest) voices out there in 'finance land'.<BR/><BR/>Whenever I read or hear one of the many prognosticators who speak of 'when' the economy turns around, which is right around the corner, the 2nd corner at the farthest, 'when' the value of people’s homes begin to rise or 'when' the stock market turns around, because it will because it always has, I would like for someone to ask, "How? What is in the pipeline which will cause this to happen?"<BR/><BR/>There is no historical perspective or precedent for these times, nor for the future before us. Our problems are not limited to the financial sector. There are also the matters of our energy system, the consequences of climate change and environmental degradation, unemployment and inflation numbers (even using the 'official' figures, for which the calculation processes have been so manipulated so as to render them relatively meaningless) have passed the 'tipping point' at which they begin to feed off of themselves. Unemployment decreases spending, which leads to more unemployment....…… Higher prices result in consumers buying less product, which results in more unemployment....…. Shortages of vital resources, etc.<BR/><BR/>I am reluctant to use the term "perfect storm", as it has been overused to the point of clique; however, we are in it.Anonymoushttps://www.blogger.com/profile/11560172906149863210noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-23339912337768137622008-10-11T10:00:00.000-06:002008-10-11T10:00:00.000-06:00Bill suggests it is hard to pick tops and bottoms....Bill suggests it is hard to pick tops and bottoms. I have found it very easy to pick tops and bottoms. My only problem is that I go long when I pick a top and I go short when I pick a bottom.<BR/>Jerry C.Anonymousnoreply@blogger.com