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Tactical Investor
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Tactical Investor is a self-taught Student of the Markets, having widely read conventional and non-conventional texts on all aspects of technical analysis and market timing. He has been studying the markets for over 18 years. He combines mass psychology, technical analysis and a new field of... More
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  • Markets rise on a wall of worry and fall down a cliff of Joy 0 comments
    May 14, 2010 3:26 PM | about stocks: DOG, SSG, FAZ
     

    Companies are reporting higher profits, supposedly more people are getting jobs and as a result those that stopped looking for jobs are now more optimistic about landing a new job, Consumer sentiment is improving, retail sales rising, unemployment insurance claims are down and the list goes on.
    So why is the market falling; perhaps the market has already priced in all this, and it needs something more to power it. Perhaps it also senses that all this so called good news is just a short term development and that the potential for extremely bad news is rather high.
    Bottom line; tread carefully as this market is extremely overextended. The action of the past few days clearly illustrates that our one of our favourite sayings at the tactical Investor could actually come true.  Mass psychology dictates that the best time to buy is when there is blood in the streets and the best time to sell is when everyone is celebrating; its time to take a stand or risk falling down the lemmings.

    Stocks: DOG, SSG, FAZ
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