The markets will be back very quickly like the way it dropped - do not listen to the bears - valuation is now attractive - the only way short sellers are going to bring this market down was this week before the earnings season by playing with the fear of people. Mutual funds are not participating and they are waiting for the confirmation of better numbers from companies - they will but from next week
Extremes are interesting ,is it a top yet ? You need to see an move opposite of the October 4 low. How many bottoms and bounces did we have before a reversal? Pullbacks get bought in bull /up trending markets. Rallies get sold in down trending . We have had only 2-3 down trending selling days in 2012. Are we due for a pullback ? Yes . Watch pullbacks for trend changes.
How do you think earnings is going to kick off with Alcoa?
Alcoa usually sucks..don't think the market will react that badly if Alcoa misses.
Look at Nucor this week, they warned 35 cents instead of 65 cent estimates. Stock went down 60 cents Thursday on that news and recovered nicely on Friday. Low expectations for 1st yet again.
The institutions that are doing the selling just luv U "value-investors".
"Valuations", the market could give a chit. Only U deluded "investors" care about that cwap.
Keep us informed. Your point of view is always entertaining.