I don't believe I'd trust that a bottom is in place if we've hardly begun slashing forward earnings estimates in the face of a slower economy.
It's a fruitless exercise best suited to gamblers and attention-seeking stock market commentators.
There are many meetings of the Federal Open Market Committee that aren't part of the regular schedule, so don't fret too much.
Valuations and the merits of individual stocks just aren't significant right now as many people largely trade index ETFs.
It won't be surprising to see the data begin to tilt toward lower inflation in coming months.
The hope is for an oversold bounce that lasts more than a day or two.
I'm waiting to see what is known as downside excess in the technical world.
The bear clearly has the upper hand, though that doesn't mean it isn't worth stalking bullish reversals in both asset classes.
That's why I have my eyes on a bullish dollar ETF in hopes of spotting a bearish reversal.
Buying into the decline is OK, but make sure you know where your stop is before you punch the key.