Capitulation has Happened
Market pundits have been saying all along that complete, utter capitulation would signal a market bottom... well, it's here and it's scary... who has the nerve to step up?
Chronicling all of today's capitulation news:
Chronicling all of today's capitulation news:
- Jim Cramer - Time to get out of the stock market
- CNN Money Poll: 60% say Depression is Likely
- FT Alphaville Market Live - Capitulation Edition at 19H
- Sinking Rapidly into Depression - Today October 6, 2008 is the Day of Reckoning
The crowd is usually wrong. Those with guts are buying stock now. Observers are noting an orderly sell-off by small investors that are getting their third quarter 401k statements in the mail. Sophisticated (institutional) investors are holding on.
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