Comments on: In-Depth Look: Calling the Bottom http://www.ritholtz.com/blog/2008/12/in-depth-look-calling-the-bottom/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 12:43:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: ben22 http://www.ritholtz.com/blog/2008/12/in-depth-look-calling-the-bottom/comment-page-1/#comment-130664 ben22 Thu, 04 Dec 2008 18:14:15 +0000 http://www.ritholtz.com/blog/?p=11817#comment-130664 Yeah BR I agree, I'm certainly uncomfortable using some past recessions and recessions and market charachteristics, especially those of the 1982 and forward period as signals that this might be a bottom. Also I just saw that James Cramer has called another bottom, or at least the headline said he did, so surely this is not the bottom. To me, that is like those that said once housing starts hit below 1mm it was a bottom b/c it was that way in the past. Of course as we know that doesn't account for the boom we had, which was unmatched, much like the creation of leverage this time has been unmatched and therefore the end result or bottom "signal" will be different. To me bottom calling is not exactly of value to anyone but I do find it amusing that so many people try to do it. Yeah BR I agree, I’m certainly uncomfortable using some past recessions and recessions and market charachteristics, especially those of the 1982 and forward period as signals that this might be a bottom. Also I just saw that James Cramer has called another bottom, or at least the headline said he did, so surely this is not the bottom.

To me, that is like those that said once housing starts hit below 1mm it was a bottom b/c it was that way in the past. Of course as we know that doesn’t account for the boom we had, which was unmatched, much like the creation of leverage this time has been unmatched and therefore the end result or bottom “signal” will be different.

To me bottom calling is not exactly of value to anyone but I do find it amusing that so many people try to do it.

]]> By: Bruce N Tennessee http://www.ritholtz.com/blog/2008/12/in-depth-look-calling-the-bottom/comment-page-1/#comment-130551 Bruce N Tennessee Thu, 04 Dec 2008 13:45:46 +0000 http://www.ritholtz.com/blog/?p=11817#comment-130551 I don't know when the bottom comes, but the Baltic Dry Index is 672 this morning....down from the 850's just a couple of weeks ago, and of course, down from 12.6k at its peak. I am thinking Barry may soon be able to jet ski almost anywhere on the ocean without seeing a soul... http://www.bloomberg.com/apps/quote?ticker=bdiy&exch=IND&x=15&y=11 I don’t know when the bottom comes, but the Baltic Dry Index is 672 this morning….down from the 850’s just a couple of weeks ago, and of course, down from 12.6k at its peak. I am thinking Barry may soon be able to jet ski almost anywhere on the ocean without seeing a soul…

http://www.bloomberg.com/apps/quote?ticker=bdiy&exch=IND&x=15&y=11

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