The phrase "market bottom" refers to the lowest point reached by a financial market. It signifies the end of a downward trend in prices and is often seen as a turning point or a signal that the market may start to improve. Full definition
While no single indicator is worth betting the farm, this particular one has provided excellent signals for stock market bottoms in 1988, 1996, 2003, 2009 and 2010. (canadianbusiness.com)
Because they do not have to keep cash for redemptions, they can stay fully invested at market bottoms. (wikinvest.com)
Corporate earnings aren't a leading indicator for stock market bottoms either. (bullmarkets.co)