Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Let us see, in the first step down, they said the stocks were solidly oversold, it went down further and now it is extreme oversold. What happens if it goes down further? Catastrophic oversold? Is there a standard scale of adjectives for oversold conditions? These cheerleaders should be subjected to the same type of cruel and harsh punishment Ted often suggests for sites or writers or fund managers that are in conflict with his philosophy.
I recall (not specific quotes), broad sweeping market messages well into the summer of 2008 after the market swings that began in the winter of 2007 and moved into the spring of 2008. All imagined forecasts and recommendations were on the electronic wires every business day. Regards, Catch
While there might be 1 or 1.5 declines left, I'd assume "Cinnamond-friendly values" indicates indicates seriously oversold. Somewhere below that is "Buffett's making more preferred stock deals" suggesting the bottom is in sight. These are difficult to fit into a headline, but they do provide guidance.
Comments
lol. There must be a "wildly aggressive" in the list of adjectives for both. Crankily oversold.
or it could be based on high deep the wound is, when you catch the falling knife.
1 - nick
2 - incision
3 - deep incision
4 - no fingers
Regards,
Catch