Jim Cramer thinks it is a bear market and we'll go lower. Bob Brinker is looking for a test of the recent (Aug 25) lows and Dennis Gartman says it is a bear market and he's net short.
I'll have a good laugh if the lows for the markets are in and the markets leave all these snake oil salesmen (nobody can really time the markets.. they just make a lot of noise to get on TV and radio to sell ads and their own investment products.) in the dust.
Yesterday's close, down over 10% for all indices, vs. August 25th's close. The good news is today the markets are up.
Posted by Kirk Lindstrom's Investment Letter on Wednesday, September 2, 2015
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