Market will bounce along the bottom for sometime to come
Minyanville - NEWS & VIEWS-Article: "The Great Debt Experiment has now morphed into the Great Credit Unwind, and we are asking ourselves how this will all end. My answer has been ‘I Don’t Know,’ as I wrote in my piece last December. The reason for the answer was that I felt (and still do) that the buildup in debt, leverage and derivatives is so unprecedented that the fallout from the buildup should be unprecedented as well"
Norton's comment: this is a very intriquing article, but you will have to read the whole thing to appreciate it. the bottom of the market has NOT come yet! Especially in the financial sector.
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