All I keep hearing about is when the market is going to bottom. People seem obsessed with it. Every day I’m seeing more tweets, emails, etc. showing comparisons to previous market cycles, a sentiment indicator, anything really that points to how the market might soon be just maybe trying to put in or perhaps find a bottom somewhat possibly soon hopefully (ridiculousness intentional).
They have a staying for this kind of obsession: a watched pot never boils. With so many eyes obsessing over the stock market bottoming, do we really expect it to boil?
If there’s one thing I’ve become acutely aware of as I approach mid-life it’s that the masses are almost always wrong. This can come in several forms from people flat out telling you you’re wrong about something to too many eyes focused on the same thing.
My guess is the market bottoms when people stop trying to guess it will bottom.