One of the best "timing indicators" that we love to point to years later is
how wrong the major newspapers are at major market bottoms and tops. It makes
sense because newspapers report THE NEWS not "THE FUTURE."
was getting rich on company stock options and quitting jobs to be day traders
when the market was at a peak in March 2000, the newspapers were full of success
stories about this. Likewise, the papers were full of how much money people were
making in real estate a couple of years ago before the bottom fell out for many
markets around the country.
So, it should be no surprise to read today
that people are worried that the bad times will turn into a depression.
Here are three bearish articles that "ring the bell" for those who can
March 23, 2008 New York Times: Depression,
You Say? Check Those Safety Nets Excerpts:
Waiting for a correction to buy stocks is a fruitless read on...
Payrolls at US companies increased by a moderate 190,000 (seasonally adjusted) in August, according to this read on...
Oil markets appeared to make too much of two small news items read on...
An investor can and should learn from the past. He should never react to the recent past. Why? The past read on...