This follows my first humble opinion:
https://www.reddit.com/r/shares/feedback/zwiglo/humble_opinion_market_has_bottomed/
The truth that it acquired so many down votes is an effective signal.
I maintained the identical sentiment:
Bottoms reached for SPY and QQQ on 13 October 2022.
Bottoms reached signifies that the 52w low on 13 Oct 2022 won’t be considerably breached.
Immediately I current 4 extra indicators that market might have bottomed, utilizing 2008 crash as a case examine. All information articles listed right here have been printed between February to March 2009, simply earlier than one of many largest bull market in historical past.
Signal #1: MSM tells you all hopes are misplaced. This is an article suggestion to millennials it is higher to change into pirates (piracy is the one “progress” business left).
“Neglect Wall Avenue, You Can Be A Actual Pirate”
https://www.cnbc.com/id/29136882
Signal #2: Essentially the most hated man available in the market is making an attempt to doom the economic system (and also you).
“Obama Declares Struggle on Buyers, Entrepreneurs, Companies, And Extra”
https://www.cnbc.com/id/29434104
Signal #2 (various): Essentially the most hated man available in the market stated he’s making an attempt to assist the economic system (and also you). This is an instance Obama was telling folks to purchase shares actually simply earlier than the massive bull market.
“Obama: Purchase shares now”
https://www.politico.com/story/2009/03/obama-buy-stocks-now-019567
Signal #3: The Massive Boys lastly succumbed to reducing jobs. This is an instance.
“Bloomberg L.P. Cuts 100 Jobs, a First for the Firm”
Signal #4: The wrongest man available in the market will get referred to as out in anger, besides this time he is lastly RIGHT.
“CNBC Jim Cramer Repetitive Bear Market Backside Fallacious Calls”
http://www.marketoracle.co.uk/Article9369.html
Quick ahead to 2023, there are lots of similarities, however change the date, and alter essentially the most hated man available in the market to J Pow. The wrongest man continues to be the identical.
Completely happy 2023 to you all!