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That mindset is widespread, although some advisers are taking short-term positions available within the market to capitalize on what they see as a fast bounce. This occurs even in extremely lean years like 2001, when the market cratered after the Sept. 11 assaults however rebounded 10 % from Nov. 1 to the tip of the yr. "It's very, very clear that in need of breaking that bottom it is going to be choppy and we'll be testing and testing," says Quincy Krosby, chief investment strategist at The Hartford. "You've obtained to see some type of sturdy rally, even when it is a rally that dissipates, however we're not seeing that. It's as if the market wants to go and break that assist, and perhaps it needs to." Market professionals have been searching for a bottom ever for the explanation that implosion of Bear Stearns final February.
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