The stars continue to line up for contrarian bulls, as none other than USA Today pronounces this...


The stars continue to line up for contrarian bulls, as none other than USA Today pronounces this time as "The Age of Safety" for investors. The piece describes mountains of cash earning nothing in money funds and bank accounts, and equity fund outflows inexplicably growing as stocks move higher. Get me a big fat "buy" button, says Josh Brown. (see also)

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Comments (9)
  • GaltMachine
    , contributor
    Comments (2068) | Send Message
     
    Investor's Intelligence Survey this week:

     

    http://bit.ly/xQNJ14

     

    Bullishness has risen substantially since the end of June to over 50% for those who actually put money into the markets not the hypothetical money on the sidelines people. That low bullishness in June was indeed a good time to buy.

     

    So if you are contrarian this would be a warning.
    5 Sep 2012, 01:43 PM Reply Like
  • Joe Razorback
    , contributor
    Comments (280) | Send Message
     
    Very nice link, Glad to see the bulls take over 50. Time to sell.... (I wish the bears were a tad lower though)
    5 Sep 2012, 02:12 PM Reply Like
  • GaltMachine
    , contributor
    Comments (2068) | Send Message
     
    Joe,

     

    "I wish the bears were a tad lower though"

     

    That's exactly the way I see it. The trend won't be broken completely until bears capitulate. Get this down to sub 20 or 18 or so and the bulls in the 55 range and it will be similar to the Oct 2007 top. A bull/bear ratio of 3:1 has been an awesomely reliable sell signal.

     

    Can't wait to see a record bears number like March 09 again, that would be another great buying opportunity.
    5 Sep 2012, 03:08 PM Reply Like
  • GaltMachine
    , contributor
    Comments (2068) | Send Message
     
    Joe,

     

    Based upon this week's action, I would be very surprised if we don't see that bull/bear spread rise substantially next week.
    6 Sep 2012, 10:12 AM Reply Like
  • RJKRJK
    , contributor
    Comments (190) | Send Message
     
    In 6-18 months we can all chip in and get Josh Brown a big fat button that is a direct line to the Government aid office after he has lost all of his money. Don't you fall for his sucker bet.
    5 Sep 2012, 01:43 PM Reply Like
  • Roman Chuyan, CFA
    , contributor
    Comments (240) | Send Message
     
    Our PAR Model's short term S&P 500 forecast has been extremely accurate all year and we just issued the August report with a significant change in the expected return - request a free trial of the report here for more details: http://bit.ly/TiVpXK
    5 Sep 2012, 02:10 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    The age of trading "in and out."
    5 Sep 2012, 04:41 PM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    We usually get 3 to 4 selloffs a year...this year we have had only one...
    we are due.....
    5 Sep 2012, 04:46 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (707) | Send Message
     
    AND no one is talking about owning gold and silver? Amazing.....

     

    Look at golds last 10 year chart and i dare anyone to show me a more bullish opportunity.

     

    map
    6 Sep 2012, 12:01 AM Reply Like
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