This follows my first humble opinion:
https://www.reddit.com/r/stocks/comments/zwiglo/humble_opinion_market_has_bottomed/
The fact that it received so many down votes is a good sign.
I maintained the same sentiment:
Bottoms reached for SPY and QQQ on 13 October 2022.
Bottoms reached means that the 52w low on 13 Oct 2022 will not be significantly breached.
Today I present four more signs that market may have bottomed, using 2008 crash as a case study. All news articles listed here were published between February to March 2009, just before one of the largest bull market in history.
Sign #1: MSM tells you all hopes are lost. Here's an article suggestion to millennials it's better to become pirates (piracy is the only “growth” industry left).
“Forget Wall Street, You Can Be A Real Pirate”
https://www.cnbc.com/id/29136882
Sign #2: The most hated guy in the market is trying to doom the economy (and you).
“Obama Declares War on Investors, Entrepreneurs, Businesses, And More”
https://www.cnbc.com/id/29434104
Sign #2 (alternative): The most hated guy in the market said he is trying to help the economy (and you). Here's an example Obama was telling people to buy stocks literally just before the huge bull market.
“Obama: Buy stocks now”
https://www.politico.com/story/2009/03/obama-buy-stocks-now-019567
Sign #3: The Big Boys finally succumbed to cutting jobs. Here's an example.
“Bloomberg L.P. Cuts 100 Jobs, a First for the Company”
https://www.nytimes.com/2009/02/05/nyregion/05bloomberg.html
Sign #4: The wrongest guy in the market gets called out in anger, except this time he's finally RIGHT.
“CNBC Jim Cramer Repetitive Bear Market Bottom Wrong Calls”
http://www.marketoracle.co.uk/Article9369.html
Fast forward to 2023, there are many similarities, but change the date, and change the most hated guy in the market to J Pow. The wrongest guy is still the same.
Happy 2023 to you all!
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