Tuesday, October 7, 2008

Have we hit the bottom yet?

Have we hit the bottom yet?

Yesterday was among the worst days that global stock markets have ever seen. After such hefty falls, investors’ minds often turn to bargain-hunting. But is it really time for contrarians to start filling their boots? Probably not...

Posted by damien @ 11:31 AM (816 views)
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4 thoughts on “Have we hit the bottom yet?

  • this is just the tip of the icelandic berg….lol

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  • the problem is that this particular iceberg only has a tip, but will propably still be enough to sink the titanic.

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  • bergs generally have a large hidden part under the ocean, this is the bit that causes most damage, the hidden part…..

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  • ontheotherhand says:

    What stage of the bursting bubble are we at? Capitulation, Fear, or Despair.
    See http://www.housepricecrash.co.uk/graphs-bubble-lifecycle.php

    It seems there are no bulls left and so we have definitely got to Capitulation. I would say we are also into Fear. I’m not sure we are at Despair yet based on the punters still wandering around the shops.

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