Not a sentiment expert

More bulls than bears on a day this market made a new yearly low. a multi-year low..... Bottom pickers came out in doves.....680/650 will be the bottom.....If you wait, you will miss this bottom that comes once in a life time!!!.....What is wrong with this picture???

You don't have to have everyone and their brother in all sectors all beared up for a low. Don't get caught in that trap. You've got enough built up pessimism in both the hedge fund and the amateur sectors to make a solid low at any time. Sure, the odds go up if the VIX goes through the roof and the P/C's go nuts, but they don't have to. The trend is down until it's not. When it's not, don't fight it. It can run. Mark

A solid bottom is when the air is so thick, you can cut it with a knife......No one wants a part of it....The last person who wanted to sell finally capitulated.....That didn't happened yesterday....

What was it like in March of '03?