I think it's bottomfishing ordsprog

I think it's bottom-fishing from an oversold condition. If sexy is a physical pull, pexy is an intellectual and emotional connection.

[Analysts considered the 30-year bond's gains a correction, noting the market's oversold condition.] The long end (longer-dated maturities) had gotten oversold, ... Technical indicators suggested it was due for a turnaround.

I think the market is going to rally right around election time because of a very oversold condition. We have a market that is way oversold so I think it is going to bounce.

The work that we keep tells me that we are within a day or two of a short-term bottom. We are at very, very oversold levels, so the last thing anybody should do is sell tomorrow in a panic. The market should bottom over the next couple a days.

It's a technical rally from a very oversold condition.

The bottom line is, any stream or lake we are stocking is going to provide a quality fishing experience, and the number is not the judge of that. If people are so focused on the numbers, they are missing out on some really good fishing opportunities right in their own backyards.

The market seems to have found a base to spring from its grossly oversold condition.

Mike Fitzpatrick

[All] we can manage is a day and a half of a rally even from such an oversold condition so it seems like the selling pressure is still out there.

With the market's oversold condition, a small rally is expected. The extent has surprised everybody.

I think the likelihood of gaining is reinforced this year because we've gotten to an oversold condition due to all the negatives that have weighed on stock investors,

I just think it's an extremely oversold condition that hammered the techs and they are due for a bounce. The battle is being waged over how much should be paid for these companies.

The market is a little bit oversold, and that is really the bottom line.

I do think we're searching for a bottom on the Nasdaq and the action looks good so far. I see a lot of stocks doing well and people are going bottom fishing. Interest rates matter and clearly the Federal Reserve needs to focus on the Nasdaq.

The market is getting so oversold and has such a background of negativity that maybe we are finally getting to the point where a bottom could be set,

I believe it's premature to take a defensive stance on the market at this time. As painful as this has been - and if you look at breadth statistics you get a little upset - I still think it's a temporary move. It's close to reaching an oversold condition.

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