Did the Stock Market Bottom Last Week?

Have we seen the lows yet? Well, we’re oversold and due for a rally. Overdue , really. (Stop me if you’ve heard this before…) Assuming we get a bounce, I’m still inclined to sell any rips higher that we see. Someday we’ll buy this dip. Heck, we’ll back up our dividend truck. I just don’t think it’s time yet. First, I’d like to see market breadth begin to improve under the surface. This is often what typically happens before markets bottom. We see individual stocks begin to “act better” than the Dow or S&P. These leaders quietly establish their lows and begin to rally.… Read more