"If companies start coming out with profit warnings after a decent retreat and their share price rallies, that tells me as a professional investor that bad news is so absorbed into share prices that they can no longer go down. You need to see that play out."
"They're the sorts of emotional tried and tested indicators that will generally tell you that you're in a bottoming stage in the market. It happens every time, as much as you need the exhaustion at the top, you also need to see it at the bottom." "Quality always rises first. Penny dreadfuls, concept stocks and punters’ favourites – those names that were doing well before the market corrected – normally lay dormant. They are the last to revive," he said.
After suffering the largest one-day percentage fall on record at the start of this week, Mr Griffiths is also eyeing opportunities in Australia’s listed energy sector, if Saudi Arabia and Russia can resolve their differences when it comes to crude oil supply.
Is this important right now ?
Lol not for a while jog on
No one knows. Anyone who says so is a liar
There is no such thing as BOTTOM what has no ceiling can have no bottom just like any black hole is it rotating inverted, horizontal or some obscure degrees to be yet determined by the market itself