OT Looks like a bottom?

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The press is such a great contrarian indicator. When the 'experts' are reported to say that all is for naught, that we are in a most certain path of destruction, that all will fail, it's likely the bottom.

Just like during the actual recession (end of 2007-present), until recently, it was all denial, growth, cherries and rainbows. Oops!
 
originally posted by Zachary Ross:
I doubt it.

Chris Puplava does some excellent work over at financialsense.com. His latest piece is on why economists are still too bullish:

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financialsense.com
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Gee thanks, Danny Downer.

Still, historically, when MOST of the analysts say it's so terrible and never will get better, that's the bottom. Applicable in just about any market, and likely the economy as a whole as well.
 
originally posted by Zachary Ross:
I doubt it.

Chris Puplava does some excellent work over at financialsense.com. His latest piece is on why economists are still too bullish:

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financialsense.com
Click to expand...

It's my impression that a number of economists who did put out some early warnings also believe we have a ways to go before "hitting bottom."
 
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