Sunday, May 17, 2009

A nice piece of bottom? 

There's nothing more attractive than a nice bottom, so everybody is looking for one. From a report I got on Friday from a leading investment bank:


By Blogger Jamie Irons, at Sun May 17, 03:32:00 PM:

There's nothing more attractive than a nice bottom...That's it? That's the bottom!?

I feel cheated, somehow.


No, more seriously, I hope this does portend improvement.

Jamie Irons  

By Blogger smitty1e, at Sun May 17, 04:21:00 PM:

If you haven't told me what we're doing about the vast swaths of debt, and the malignant entitlement tumors, you haven't told me much.  

By Blogger Who Struck John, at Sun May 17, 04:26:00 PM:

This is the crest of the first wave. There will be more.  

By Anonymous Anonymous, at Sun May 17, 06:47:00 PM:

The software end markets we serve have ceased freefall, but are also not improving and only moving sideways. Small orders are coming in, but that's really all the new orders we are seeing. The banks we serve have recently commenced a round of big layoffs, so they aren't seeing improvement at all, and in fact seem to be girding for another leg down in their businesses. Outside of banks we're seeing only spotty progress in recovery, mostly in government business (which surprises no one at all I suppose). There may be a bottom, but the consumer confidence is the only real evidence I see and there might just as easily be another big leg down coming. It's just not yet clear, at least to me, and I think our economy will be in trouble well into 2011 if not beyond.  

By Blogger Robert Stacy McCain, at Sun May 17, 11:49:00 PM:

Beware of truth-claims from people who are trying to sell you something. Investors I've talked to -- who weren't trying to sell me anything -- say they don't expect the DJIA to bottom out above 4,000. Two words: "Sucker's rally."  

By Anonymous Old One, at Mon May 18, 09:16:00 AM:

Yep - Who Struck John - The first of a series of bottoms. This is the bailout bottom.

Next year will be the new taxes bottom - then the debt bottom - then more taxes...  

By Blogger The Grey Man, at Mon May 18, 11:52:00 AM:

Ever notice that the lines start going the wrong way beginning in Nov 06? Control of Congress maybe?  

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