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Sentiment indicators tend to work best at bottoms, writes The Fat Pitch, but it doesn't mean we...

Sentiment indicators tend to work best at bottoms, writes The Fat Pitch, but it doesn't mean we shouldn't pay attention to what's become a bit of froth in the bull camp. Low cash levels, rising margin debt, prominent bears capitulating, and the return of the Dow 36K crew have been well-documented. One you might not have heard of is the Canadian equivalent of Time screaming "BUY!" on its cover.
Comments (3)
  • Rally ends no later than April?
    Another two week of rally underway. Click on link to view chart and discussion http://bit.ly/WpVqYk
    27 Mar 2013, 04:04 AM Reply Like
  • Bernard Barooke's shoe shine boy tipped him off in 1929.
    What about 1987, when Ron Insana (FNN) was on every tube in America, from health clubs to sports bars to nail salons?
    How about the late 1990's, when everyone was a stock guru. Even I thought about starting a Dot.com company!
    And how can we ever forget 2005-2006, when real estate values doubled? I remember the late-night infomercials, how some dweeb was going to show me how to get rich in Real Estate. (Gorden Gecko's barber tipped him off).
    I agree with many (most hated rally in history) that this market is rigged by Fed's printing press. One thing I learned (the hard way), pardon the cliche... "Don't fight the Fed."
    We will get our long-awaited tip-off when the general public gets excited again. We just aren't there yet.
    27 Mar 2013, 01:34 PM Reply Like
  • Great work, love your pitch ! Please keep up the good work and keep us posted often.
    27 Mar 2013, 10:51 PM Reply Like
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