1. Investors yanked more than $33 Billion out of stock mutual funds so far this year. This number surpasses the $27 Billion that investors took out in 2002...the year of the last bottom. The last year before 2002 with net redemptions was 1988 right after the crash of 1987. People love to buy high and sell low. They can't control their behaviors. That is why most people won't ever be rich.
2. Warren Buffett (the world's greatest investor if you didn't know) made a sizable investment($5 Billion) in Goldman Sachs. Warren loves to buy low. If these things aren't a buy signal from Heaven...I don't know what is.
3. There is a HUGE discrepancy in operating earnings for the S & P 500 (THE stock market). Top down is showing $58.87 for 2009. Top down takes a macro view of everything and the places a "guess" on what the economy is going to do as a whole. They have talked recession for over a year and we haven't been in one, but we may get there eventually. Bottom up earnings for 2009 are $104.63. This comes from individual analysts researching individual companies from the bottom up. Averaging analyst results for each company individually is showing a pretty darn cheap market right now. Could the media be producing so much misery?
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