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Investor Sentiment: Extremes Persist
It
doesn't take a rocket scientist (or Wall Street analyst ~ a downgrade?) to
figure out that investors are extremely bullish on the equity markets.
Such extremes in sentiment will usually (85% of the time) lead to better risk
adjusted buying opportunities in the future. In other words, the next
best time to be a buyer of equities will be when investors are bearish not
bullish as they are now. The markets don't have to go down just because
everyone is bullish, but if you are a "believer" and buyer at these
levels, then you will need to identify a market top and get to the exits before
the next guy to extract profits. This is a very crowded trade and
identifying the top is a tall order.
{click on graphs to view larger images}
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(d)
Here we go again, don't pile on....
What is the bull/bear sentiment for the precious metals?
Thanks.
Precisely, who cares about sentiment in a FED controlled, manipulated equity market. It is not relevant anymore. Now, Guy M. Lerner, are you listening to Clapham Junction's comment?
"What is the bull/bear sentiment for the precious metals?"
Forget stocks, it's all about PM's & commodities.
The change the banksters fear most and we actually have the ability to enact is to replace our currency with silver. No one can create it out of thin air like all other fiat currencies and the only way to transfer wealth is to physically move it from one hand to the other. Seems quite obvious with the PM manipulation is just an effort to supress interest in it. Yes, gold is important, but silver is the better everyday operating currency. History proves this.
Why don't we just start using silver and barter instead of dollars. The PTB hate this concept as it simply denies them of their power. They can't control or rig the system in their favor if we just start using the physical stuff. And they can't tax barter either.
So the next time you want to contribute to a worthy cause, sich as ZH, rather than send paypal dumb dollars, why not send an oz of silver. I bet they would rather have an oz of silver than 30 bucks. I would....
"I bet they would rather have an oz of silver than 30 bucks. I would...." So would I Eagle Keeper.
I believe at some point in time, the disinter-mediation of the financial system will blossom & the fiat banks will perish as new/old methods are developed in a new system of money or currency. My bank is basically dead; they don't loan out to the community, they're up to their eyeballs in failed commercial real estate loans, they don't seek deposits, they're on the FDIC troubled list & they no longer pay the TARP dividends to the gov't. A real case of a "zombie" regional size bank. Not to mention, they have very little cash on hand for withdrawals. Might as well close the branch & put up a small kiosk in a mall or strip center.
The only reason I use them is to move FRN's around. If there was a different way, I would use it. If the people I interface with would accept silver or gold as payment, I would welcome it. Direct payment, no bank delays or unnecessary fees from the "toll keepers." The banking industry has shot themselves in the foot one to many times. Like all institutions, they grow, mature, then die away. The US needs a new system to arise to replace the fiat fractional reserve system completely. Scrap it & confine it to the dust bin of history & bring back sound money.
Oh, did I mention that Allied Irish Bank was nationalised over the weekend?
Free Lakota Bank looks interesting, and may be the wave of the future. But as yet I don't trust my physical to that concept until it establishes a track record. Once burned...
I'm always amazed when I read that in the midst of the current fiat system, there is someone who prefer to PAY in silver or gold.
No man, pay in fiat, GET PAID in gold/silver.
A system where we only moved silver one way would not last long. It would need to be bi-directional to be sustainable. I am saying that to take the power away from the PTB we would need to stop using their stuff completely. To pay in fiat and get paid in silver still generates a desire to want the fiat.
"if you're running the country into the ditch in the process you can never be bullish (nor bearish) enough." i said that by the way..."and you may quote me." now onto the "real news" of "Morgan vs. Morgan." That would be "the bank vs. the advisor the Street tried but failed to kill." Of course "we've already had a British invasion" so "we'll see how this growth recession settles things" as well.
Be prepared for the fire in the theatre. Sit near the door with the big red EXIT sign.
Excellent idea, but remember that you won't actually be able to leave the burning theater until you have gotten someone else to sit in your seat for you.
+1 Terrific analogy.
take a look at this one:
http://www.aaii.com/sentimentsurvey/sent_results
Wow, that AAII investor sentiment survey result was freakin scary. The average sheeple are 63% bullish. Unbelievable how well MSM propaganda works on the average joe.
Unbelievable how well MSM propaganda works on the average joe.
So true... just look how many bought into wikileaks now shown as a fraud...
http://www.veteranstoday.com/2010/12/23/gordon-duff-julian-assange-wikil...
It is not as if a lot of us did not post that the whole Wikileaks thing seemed to most benefit Israel and that the whole thing did not smell right.
(d)
Sorry for the 'junk'. That's what happens when fat fingers meet an iPhone.