Crapnackle Speaks!

Crapnackle Report - September 29. 2008 ~ 10:41 AM:

Now is the time to put money, effort and other applicable resources to work. By now, I mean over the next few months. I'd still give it a couple of weeks for the stench to reach the nasal passages.

Had you done it over the last year, chances are good you lost money. If you were lucky enough or patient enough to wait until now, you stand a chance to do well. The message has been clear for a long time (two years or so) that "the economy" is lousy and getting lousier. There were a few holdouts who kept saying that things would get better.

Now there is almost complete agreement that everything stinks. Most people fear the worst and believe we are going down, down, down. Even those who are always bullish are wincing.

I and almost everyone is sold on the dismal state of everything.

That's it. We'll have a healthy chunk of market hurl today and maybe another nice big upchuck in the next week or so just to emphasise the point and then that will be it. The bottom will have arrived. Thank goodness. Now let's get back to business.

Remember what a bottom looks like. On the other side of the moment there is still a period of more lousy. We'll probably see more pain in the next week or two, but really - who can make a call down to the day? The bottom feeling may last for a while and we may wallow in it for a time, but it is the bottom. It just won't get appreciably lousier. That might not sound all that wonderful, but if you stay away (chicken), and don't act until you see signs of improvement, you'll be competing with everyone. Right now - be bold and win!

There you have it.