Thursday, April 15, 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

Have no illusion that discussing the growing, exponential risks does not mean the stock rally will miraculously stop today, tomorrow, or anytime in 2021. All I can add is that it's better to understand what's unfolding, so when reality strikes, or as we Americans say “when wheels fall off” at least you're not surprised, caught with your finger jammed halfway up your nose, and possibly prepared despite intense Kool-Aid drinking (denial) from MSM.

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