More Reasons Why I Don’t Think We’ve Hit Bottom Yet
Among the (many) reasons why I believe we have not seen the lows in either the economy or the stock market is the fact that so many people claim we have.
Historically, that has not been the way things go. On the contrary, by the time conditions are genuinely ripe for a sustainable turnaround, the bullish voices are usually few and far between. (For a bit more insight on the subject, see Richard Russell’s comments in "Green Shoots over Thin Ice" by John P. Hussman, Ph.D.)