"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." Robert Frost

$$ Depression-Era Charts and Investor Sentiment Survey

I’m getting lots of site visitors looking for the Depression-era charts. It’s been a popular topic ever since the crash, BUT now more than ever. That’s a contrary indicator, in my opinion.

As for the retail investor sentiment, it shifted far towards the bearish side, very fast.

sentiment

That’s another contrary indicator.

I don’t want to be short here.


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2 comments:

  1. headlinecharts, 7. June 2010, 22:46

    should I buy or sell?

     
  2. Phantasmix, 7. June 2010, 22:53

    Hey! I was just thinking about you a couple of days ago, visited where your site used to be.

    My uneducated guess is buy gold. Unsure about the general market.
    Wish instead of adding LYG I’d bought AZK as I originally planned.

    What have you been doing with stocks?

     

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