When Defensive No More Defensive

Hi Brendan

In fact I should cut short to tell you just stay out ,stay out , stay out. This is what i call when defensive no more defensive .Warren Buffett start hunting for potential stks and most important are investors confident shaken.

Are we at the bottom....i don't think so.Big bear is coming. The mkt will come to a stage where prices at unbelievable level and when you think is cheap it goes cheaper. For those with holding power my advise to you is stay on because if you ask me where is the bottom , i don't know but it will settle soon.What we can do now is to base on historical data...1998 the bottom was 7450pts in Sep& Oct and 2002 Oct at 7200pts,so if you ask me i think should at least come down to this level.

If we think the situation is worst than 1997 crisis and 2001(911) don't you think index shd come down to below 7200pts...when the dust settle ....don't know...but i personally feel if we divide the bear into 5 stages i think this is stage two which is the fast and furious...what we can do just to sit tight and with your safety belt on..(remember to put on helmet also...)....stay out, stay out, stay out...in-between there will be bear mkt rally but trust me it will not last long...TGIF

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