summarizes: http://seekingalpha.com/article/102632-five-signs-of-a-market-bottom?source=feed
1. vix sets new highs - all time high of 89.53...previous bottoms were when vix was in 40's and 50's
2. weak hands walk away - herd selling...6.47 billion has been pulled out of mutual funds..Augs, Sept. Oct. of 2008 are three worst months on record for mutual fund outflows.
3. closed-end funds - only 9.5% of them trading at a premium to NAV..market over bearish
4. perma-bears turn bullish - Jeremy Grantham said you are looking at the best prices in 20 years..
5. bad news no longer drive stocks lower
according to the article..we have seen all but # 5...
