DARK
#31
Posted 13 December 2008 - 04:14 PM
#32
Posted 13 December 2008 - 04:28 PM
The future is 90% present and 10% vision.
#33
Posted 13 December 2008 - 04:44 PM
With very few exceptions (like Bob Farrel), this "bargain basement" talk was not the psychology at the 82 lows and certainly wasn't what you heard after the 87 crash.
We can rally or not, but THE lows won't come until the masses want nothing to do with the market, bulletin boards like TT become inactive, and CNBC goes off the air due to lack of interest/viewers.
Kimston.
#34
Posted 13 December 2008 - 09:18 PM
If the world didn't suck, wouldn't we all just fly off?
#35
Posted 14 December 2008 - 01:15 PM
seems right: ugh oh...........
The AAII which measures retail investors shows a similar effect with the bulls at 37.50% and the bears at 39.84%. This is a much larger move to optimism than the newsletter editors. Basically the AAII sentiment is equal - which from a contrarian point of view isn't good news. Rather than seeing further reluctance from investors and traders to believe in the market as it rises, we are seeing them jump aboard with itchy trigger fingers.
Do you have any data on the Bearishness or Bullishness of net flat AAII reading?
Basically, the market was up that entire polling period.
Mark
Mark S Young
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#36
Posted 14 December 2008 - 03:29 PM