Thursday, July 22, 2021

#Sentiment Review $SPX

Sentiment Review
The old American idiom, a day late and dollar short, is a phrase easily applied to the 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 to chase when probabilities favor fading relegates the majority to being the bagholders of panics and trend changes.

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

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