3309 Drysdale Ct
Edwardsville, IL 62025
Matt, Appreciate the effort you and Steve put forth day in/day
out, always start my day with the newsletter.
Question: How can sentiment be described right now as "too
bearish"? Honestly. Majority of traders and investors
have a quiet smirk on their face and are counting their profits,
the market continues to move higher nearly every day, I can't find
anyone who is selling...and then comments like this start
appearing: "maybe the market will never go down". If
anything, sentiment seems euphoric to me. Could you please
explain what I'm missing?
Richie - IMO it's best to view sentiment as a secondary
indicator (price is the primary indicator) and something to monitor
over time for extreme readings. Measuring sentiment can be
somewhat difficult with many such distinct measurements.
However, one must look at a uniform measurement gauge (better
to view multiple gauges) instead of simply looking at a limited
Richie, When you go to a Christmas party and everyone is talking
about the money they've been making in the market or your
grandmother calls you to ask what stock she should be trading, then
that's euphoria. Most have not been trusting this rally for awhile
and historically that has not been when markets top.
Guess we'll know the answer next week.
RichieD what I hear is the retail investor(mom and pop) by and
large has not joined the party yet. Eventually FOMO will kick in
and they will. Until then......party likes it 1999!
When your gardener tells you to buy stocks and has a hot stock
tip. Although I will say that in late 2007 I was buying
treasury coupons yielding 5% and my broker at the time (big firm
will not mention) laughed at told me that was too conservative and
buying stocks made much more sense. Then in 2008, I asked him
if I was too conservative now? As this big firm had to be saved by
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