the panic was palpable bob moreno wasn't panicking, no. his indicators told him the s&p 500 was likely near a bottom and that's what he told us this was a hotel home run call as the market bottomed a week later after one last precipitous drop, i know i used it because i thought bob had it nailed. the s&p 500 caught fire, we had a v-shaped recovery through the first couple of months of 2019 people made fortuneded how do i know the pain was almost over? he took a longer view. zoom out, the decline looked less than the end of the world, looked more like a garden-variety sell-off. the market had consolidated huge gains. the fear, oh my. the buy, fantastic a year ago moreno hit it out of the park again last february commentators started having doubts about the rally. i don't know if you remember that, they were really, really frightened so what he did was he figured it out, he figured it would fail. moreno told us to be cautiously optimistic, though and said the s&p would ultimately take out its highs at 2930 if it reached those levels he told