Wednesday, March 17, 2021

#Sentiment Review $SPX

Sentiment Review
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

You should be following line 51-53, column H in the Trends tab of the Matrix. WAS and WASo define concentration of sentiment towards US stocks. Please click the Help* next to the US Stock Models for further discussion. This week's sentiment concentration could generate a troublesome reading. I extrapolated last week's sentiment reading into the current week. In other words, if things don’t back off soon, watch out!

"The unexpected often happens when everyone is standing on the same side of the boat."

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