20090111 It is Sunday evening, and as we look back at the call on the bottoming of the Dow Jones, we look back and think that the call to buy stocks (a "once in every decade" opportunity) now doesn't seem that stupid or suicidal. Back in Nov-Dec 2008, there were prediction of doom and gloom for global equity and financial markets. In markets, one's calls are vindicated only with the passage of time: "Time will tell". (attached 4 hr chart of FKLI futures continuous contract) Those astute enough to buy some stocks can now profit, maybe sell and wait for the doomsdayers again. Believe me the bears are very much still around, "Economy will crash in 2009..." is what was echoed around in the last 2 weeks.