Timing with Sentiment

If you want to know if we’re at a bottom, look around for people yelling there’s no hope (“Great Depression”). If you want to destinate a top, look for many men selling stupid books with unreal names (“Dow 36,000”). If your looking for a healthy market, look for two economists arguing – valid claims for an up or a down.

I see nothing of the above. Today, there seems to be two types of people. Those who care (Get Out!), and those who don’t (“Housing woes seem to be are over”).

I heard a Financial Manager saying that although most currencies are falling, and gold (no doubt a currency) is actually up for the year has not, he will nevertheless stick to the US Dollar. Why? Just because.

Point made.


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