"A cynic is a man who knows the price of everything, and the value of nothing." Oscar Wilde

Advisors On The Hunt

17. September 2009• InvestingPhantasmix Tags:  2 comments

15-sentiment

I can’t determine where we are in this cycle

Yesterday I got a phone call from a large Canadian bank. The guy on the phone introduced himself as a financial advisor, and asked me “What is your investment strategy?” Just like that :) Made me smile. Then, he went on to say that it’s such a wonderful time to enter the market and there are lots of investment opportunities.

And today (!), that’s 2 days in a row of “assault”, I got a survey about my attitude towards the stock market and how I was affected by the crisis. Their questions were extremely intrusive and very detailed. They really wanted to know my level of market savvy, even asked if I trade options and bonds. (I didn’t fill it out, of course.)

A mass stock promo campaign is starting! I think that’s a sign that the money managers are confident — the bear market is over.

I’m not experienced enough to know – at what stage of the bull cycle does this happen?

 


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2 comments:

  1. Headlinecharts, 19. September 2009, 12:14

    very interesting. I would say we are still in denial based on all the negative comments I hear on CNBC. In 2003, it wasn’t until Jan-2004 that people really believed the bull had returned, and that was just before the market went into a 9 month consolidation. I think we have a replay of that period.

     
  2. Phantasmix, 20. September 2009, 19:22

    Do you think we’re going to plateau for awhile then?

     

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