Stop Looking for a Market Bottom - Zacks Analyst Interviews
Charles Rotblut (October 6th, 2008) Writes:
The markets recouped some of their losses late yesterday. Is this a sign that a bottom has been set?
A lot of people have been trying to predict when stocks will stop falling, and nearly all of these people have been wrong. It's very difficult to predict a market bottom, or top. And for the overwhelming majority of investors, it does not matter.
Rather, investors should be focusing on looking for fundamentally sound companies with rising earnings estimates that are trading at attractive valuations. This is a strategy that has worked over the long-term and will continue to work in the future.
So, when will investors feel safe investing?
Over the short-term, there is a real risk that
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