Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Tuesday, January 10, 2012

Market Trending

I posted last week of optimism getting extreme, and a market decline follows. The post explains why the herd mentality creates such a reaction.
Today on Gary of Smart Money Trackers paid premium service, he quoted the same statistics. However his post had a more refined measurement of optimism than my post. Using his data, the peak should happen in the next 8 business days.
So by January 22nd, the market should already be heading lower.
I stand by my original post last week, just may have been a little too early.

No comments:

Post a Comment