Stop Trying to Call the Bottom

There's no shortage of "market bottom signals" - and none of them are working for the pundits on television. Let me show you what's happening right now.

Dear Fellow Expat:

Let me guess…

Are you getting emails from experts telling you this is a generational opportunity to buy “cheap” stocks?

(Stocks are not “generationally” cheap. Take it away CAPE Shiller Ratio…)

Are CNBC pundits telling you that the recession and the tariffs are fully priced?

(They’re not… they’re trying to sell you the expensive stuff they still own).

No shortage of people on Twitter are claiming that the “bottom is in.”

Or that watching VIX volume is a good indicator of when the bottom forms.

Or that some spread of two sector ETFs can tell us.

Even in this environment, the trusty Relative Strength Index and Money Flow Index (MFI) have not reliably fueled a snapback rally.