https://www.greedome...s-index-beware/
"Current stress readings are -1.3. A comatose stress level that low has only ever been seen once: in February 2007. Yup. Pre-crash 2007. Early last year (2013) saw a very close -1.2 reading. Stock market crashes do not initiate when fear of a crash is widespread. Crashes initiate when there is no fear of a crash."
(So if you think there are 'too many bears' making posts on this Forum, don't mistake that for thinking the rest of society is somehow 'bearish' - far from it, as evidenced by many indicators, such as this one, and VIX, or many others). So yeah, I'd give the 'Bear' posters here at TT more credit than they are appear to be getting now. And BEARS ARE in the minority. And that minority has been getting smaller and smaller, as more Bears have capitulated than what I saw pre-2007/2008 crash.
All must be well.
Started by
nimblebear
, Jun 24 2014 09:07 PM
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