Sunday, January 10, 2021

#Confidence Review #Gold #Silver #Bitcoin

Confidence
The old American idiom of a day late and dollar short is an phrase easily applied to majority's ability to time (buy or sell) US stocks. The majority, influenced more by instinctual behavioral tendency of the individual to seek acceptance of an emotionally-driven crowd than act independently in the minority, views rising and falling stocks prices as bullish and bearish. This tendency that drives them chase when probabilities favor fading relegates the majority as the consistent bagholders of history's panics and trend changes.

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”, John Templeton

Subscriber Comments

Believe whatever you want to believe. There's little I can do to change that.

Please ignore the "boneheads" saying everything will return to normal soon in 2021. If you believe that, you’ll likely be surprised by the events of 2021. Confidence has cracked, and it won't be restored within 6 to 12 months. You know what tends to hit the fan when confidence enters a bear phase (CE LTCO < 0).

Confidence Oscillator




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