"THE EAR NOSE AND STOCKS PC INDICATOR"

http://pr.statestreet.com/us/en/20081021_1.html
Investor confidence is at all time low--So you think you can pick the bottom for this catastrophic market decline?

http://www.marketwatch.com/news/story/difference-between-panic-capitulation/story.aspx?guid=%7BB036DF1F%2D7F54%2D42BF%2DAE82%2D370A2D0827F1%7D&dist=msr_1

Google search for "stock market panic (P)" returned 327000 hits today while a search for "stock market capitulation(C)" returned only 217,000 hits. Have we found a new indicator? Henceforth this is to be called the "THE EAR NOSE AND STOCKS PC INDICATOR"
I am sure that a bright graduate student can turn and twist this idea into a goverment grant and a PhD dissertation. Otherwise I will run a school contest for 6th gradeschool students. These students can do the reasearch and I will publish the results on this blogsite. I can make it a contest for MBA students if we use the VIX index as another factor in this trillion dollar equation.





Blogger sentiment is way too bullish--everyone thinks they have called the bottom in this market.
53% down probability for S&P tomorrow.

The credit default swaps that will move the market massively lower have not yet been reported, I think someone is scared, frightened and terrified (Hyperbole X 3) to release this news.

http://www.marketwatch.com/news/story/lehman-credit-default-swaps-settle/story.aspx?guid=%7B5DD31540%2DDAD8%2D46D2%2DADA0%2D5E062F7007B5%7D&siteid=rss