TheStreet.com's "RealMoney" poll normally has many hundreds, if not THOUSANDS of responses. This week? 240.
That's not much. Now, they did have 49% Bulls and 37% Bears, but what's not excessive. About the only thing of interest in that data is the lack of a significant sample.
(note, I can glean a lot from a smaller sample when I know the polling group well, but all we know about TheStreet.com is that it's a pretty broad sample of amateurs who's opinions are rather maleable).
My take away is that folks are not only more bearish but more apathetic. They don't CARE that prices are rallying. They're pessimistic about the future and don't want to think about the stock market. That's probably Bullish. Especially for bonds.
Mark
Who Cares About Apathy?
Started by
OEXCHAOS
, Sep 04 2007 08:57 AM
7 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 04 September 2007 - 08:57 AM
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#2
ogm
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Posted 04 September 2007 - 09:36 AM
Yep, gotta love it.
The market is keeping people out of the rally perfectly.
NDX took out Aug 8 high with a bang here... and no one cares. The beat goes on... "Volume is wrong, this is wrong, that is wrong"....
#3
selecto
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Posted 04 September 2007 - 09:50 AM
LOL, everything is wrong except price.
#5
ogm
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Posted 04 September 2007 - 10:54 AM
I think this ones sums up the general mood.
Edited by ogm, 04 September 2007 - 10:56 AM.
#7
OEXCHAOS
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Mark S. Young
Posted 04 September 2007 - 12:11 PM
Mark,
Did you buy NXY?
No, of course not.
Seriously, I figured I had some time on that one and I wanted to get more on it (my policy is to only trade big well known stocks that I understand for my clients--if I don't know it well, I have to spend the time researching). I can get criticism from clients if they don't know the stock (NXY is Canadian), so I wanted to make sure I could defend my position. Looks like it ran without me.
Still, that's a hellish pick and I wish I could have taken a position.
Mark
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#8
Cirrus
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Posted 04 September 2007 - 12:22 PM
It's going plenty higher IMO. It's still the cheapest blue chip energy play from what I can tell. It sold off because the market was anticipating the announcement of higher costs for their sands project. Perhaps I'm a dreamer but I think it's more than possible that it's a $50 stock in 12 months.
I also like MUR as far as blue chip energy plays. For LT small cap asset plays I think GST is an absolute steel here. It is solely a NG asset play and right now the market wants crude not NG.
