Post #577 by mungofitch on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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I suppose it will take more than one wicked down day to start triggering your major bottom detector?

I assume so.

It is looking for absolute capitulation, which takes a while, and I don't think we're anywhere near that yet. Valuations are mostly still very lofty and there seems to be an army of buy-on-every-dip types still in force. (that's my anecdotal appreciation, I haven't actually checked the signal today)

Admittedly I am one such person, I did buy something today. But oddly enough it was up today.

Jim

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