Are these signs a bottom is at hand?

by Guest Author: Tim Sykes

In true contrarian style, it’s great when analysts downgrade
stocks due to problems stemming from the credit crunch (smart) but only after
they’ve fallen 80% (not so smart). Like Wachovia downgrading AIG

Hell, even The Wall Street Journal is trying not to
be last to play the “better adapt to the bearish environment or else…” game by
changing the expressions on the faces of their famed portraits to better reflect
these unsettled times.

[via CJR]

I can’t help but wonder if this kind of widespread
acceptance of gloom and doom is indicative of a bottom, whether or not it’s a
temporary one.