I think the 90% number was an arbitrary number used to make the
point that most everyone is calling for severe pull back this
fall. I tend to agree with User32...the bearish tone out
there is overwhelming, yet most of my indicators still call for
good long exposure. I love it when all are bearish....it
means we are going higher. Remember, there is a reason why
they call the market - The Great Humiliator.
Thanks for the comments, guys. And my 90% of people being
bearish was arbitrary (although I could have used 99.99% for
comedic effect, and perhaps even greater accuracy. I think the
video of Tony Robbins' plea to sell the market before the next big
drop might have been the clincher though). Let's see what happens
this fall. I wouldn't be surprised either way, although I really
wouldn't be surprised to see the market rally huge into the fall. I
realize I'm taking the easy argument here, since the more people
who object, the greater my chances of being right! :)
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I think the 90% number
Is it just me, or does 90% of all people ...
Posted by gateway on 17th of Aug 2010 at 09:38 am
I think the 90% number was an arbitrary number used to make the point that most everyone is calling for severe pull back this fall. I tend to agree with User32...the bearish tone out there is overwhelming, yet most of my indicators still call for good long exposure. I love it when all are bearish....it means we are going higher. Remember, there is a reason why they call the market - The Great Humiliator.
Thanks for the comments, guys.
Posted by user32 on 17th of Aug 2010 at 11:29 am
Thanks for the comments, guys. And my 90% of people being bearish was arbitrary (although I could have used 99.99% for comedic effect, and perhaps even greater accuracy. I think the video of Tony Robbins' plea to sell the market before the next big drop might have been the clincher though). Let's see what happens this fall. I wouldn't be surprised either way, although I really wouldn't be surprised to see the market rally huge into the fall. I realize I'm taking the easy argument here, since the more people who object, the greater my chances of being right! :)