Wednesday, March 12, 2008
Getting Ready to Buy 3/12/2008
The Bull/Bear numbers came out and the first time in a long time there are more Bears than Bulls. This seldom happens. Sentiment numbers are apart of the numbers used to come up with the Smart/Dumb indicators from at Sentimentrader.com - a great tool to figure out what is going on in the markets. Their Smart money indicator is mildly bullish but their dumb money indicator is insanely bullish. The difference of the two was only been greater twice in the last 10 plus years. I have been waiting for this for a long time. This may not be the perfect bottom but 3 months from now - we should be higher and a good case that in 12 months from now we will be higher. The only thing that could stop this is a major event like WWIII or a nuclear bomb being dropped on NYC.
Subscribe to:
Post Comments (Atom)
1 comment:
Hey D, the sentiment indicators have been crap for a long time. If you are going to load up because of them I would dollar cost average your positions.
Good call for today though.
Andy- aka Young Chuck on Wallstreek.
Post a Comment