Market Probing Doug Kass' Bottom Theory

Tyler Durden's picture

Earlier today, enthused by the idiotic futures meltup, Doug Kass of theStreet.com sent out the following tweet: "i am sticking with my forecast that we saw a
yearly market bottom last week.. coming up.. hello darkness my old
friend $$" which was sent on the heels of this one from July "
i beleive today
will mark a classic bottom $$
."
The market is now about to probe said bottom theory as volume picks up. Keep in mind- bottoms are a rounding process, although the classical bottom has now been penetrated.