CHARGE!
How do we know when the stock market will put in a major bottom? This is a combination of science and art. Many forecasters have tried to make the bold call over the last five years only to have egg splattered all over their faces.
Individuals do not have to concern themselves with such forecasts in order to make money. However, columnists are forever tempted to make "THE" call. Regular readers will know that we have been discussing NASDAQ (around these levels) as a potentially tremendous buying opportunity. We have explained in prior posts the reasons for our Bullish outlook. Therefore, we will spare you the details in this particular post.
Suffice it to say, that your friendly neighborhood Kcap Team strongly believes that the possibility for a multi-year bottom in the NASDAQ will be reached in the next couple of days, currently NASDAQ 2063. Our necks are so long on this call that we can pull leaves off of Giant Redwood Trees. Despite this it would be irresponsible for us to not share with our readers what we truly feel.
Understand this, we are not recommending that you back up the truck in case we are wrong. We are simply suggesting that you should be AT LEAST REVVING-UP your equity portfolio for this potential outcome.
Don't Sit There Frozen, Buy Something!
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