Last quarter, after Friday’s sell-off, now owns the distinction of being the worst for stocks since Q1 2009… Five months in a row of declines = worst string since the six-month melee that ended in February ’09…
While there’s scant optimism for Q4 (typically the best quarter of the year), pessimism is clearly the order of the day…
So whataya do? Whataya do when stocks are taking a hit the likes of which we haven’t seen since the last bear market bottomed? The likes of which we haven’t seen since the last bear market bottomed?? Since the last bear market bottomed?? Since the last bear market bottomed?? Bear market bottomed…… market bottomed….. market bottomed….
OMG!!!!!!! WE SHOULD BE BUYING STOCKS!!!!!
Now calm down tiger! History doesn’t always repeat itself – and I’m certainly not forecasting the bottom – the market could very well continue its descent… But make no mistake, when it does bottom it will do so in the midst of extreme pessimism – just like March 2009…