Evidence to me suggests more down. Of course, like every single other person on this board and all around the world, am looking for a turn up basis liquidity, oversold technicals, sentiment, fundamental cheapness of equyities relative to bonds etc.
I just cant figure out if we are there yet but hunch says no.
cheers.
All depends on your time frame. ST it looks ready for a good bounce.
Longer term a lot more pain is ahead of us. You can't cure a credit bubble
by injecting MORE CREDIT into the system. It is like giving heroin to someone
who is suffering withdrawal symptoms. He feels great again for a short time.
Followed by a deeper problem.