I haven't seen anyone come to me to sell any stock yet. In fact I have received buy orders in many UK banks and still the slump persists. This alone tells me that there is no bottom yet.
I need to hear the fear in people's voices and it hasn't happened yet. The only thing I am getting is,"Don't worry, it's all going to be ok. They (the govt.) won't allow a collapse."
Well they might not allow it, but that doesn't matter if they are trying to control a monster than it is actually out of control.
We have yet to see the commercial real estate bubble pop in the USA, and we are due for the second phase of the residential real estate bubble to pop (a large group of 'funny' mortgages are beginning to reset). And then there are those multi-layered odd derivatives that are due to shake hands with reality. Oh yes, and there is that matter of the Chinese telling the Banksters that they can stick-it relative to those silver hedging contracts. I am with you. We've got a ways to go before we turn a bottom, IMO.