you've gotta be very cautious with your money these days. many people are talking about the bottom..many gurus (warren buffet included) are talking about it's time to buy stocks...and have supported stocks like goldman saches, GE, WFC...etc...but seriously, whatever anyone says is just a piece of the overall market. Stocks continue to go down, no matter how "cheap" they are fundamentally. You can only talk about stocks being cheap when the underlying assets and their future prospects are certain. However, with this market being so crazy...everything has been a guess work without certainty.
Unless we see the financials XLF...GE...and BRK/A bottoming, we are not going to see the whole market bottoming!
Sure we will see violent surges in the market of 10% or more per day...but these are ultimately up days in a badly progressing bear market. and these up moves should only be treated as short term trades or for covering your longs...
