New Lows in Pessimism Could Signal a Top [View article]
I.I. shows Bulls, Neutral, i.e. expecting 'only' a 10% correction, and Bears. So, with 16.7% bears, and 33% neutral, that leaves 50.3% bulls. Jim Stack combines bulls and neutral to get the real bullish percentage. I believe he would call today's numbers 83.3% bulls. That is a very high percentage.
On Dec 02 04:49 PM enigmaman wrote:
> investor newsletters have historically always been wrong, so if they > are bullish that is bearish for sure, not sure where you get that > investors are increasingly confident, Im not reading that nor does > the volume back you up, 1/3 expect a correction of 10%+ what about > the other 66% do they expect new highs or new lows, 1/3 the equation > is of little use. So in the end, after all your analysis its expected > that those who are bearish will jump on board to push the market > to new highs and then force the correction that they have expected, > I assume its the dumb money sitting on the sidelines your waiting > for, well I have bad and good news, the bad news, If your waiting > for the dumb money to get on board you will have to wait a very long > time, so forget about capitulation, the good news is in the mean > time the market should continue to rally to higher highs with no > end in sight so make sure your 100% in and if your able margin up > to the max because its blue skies for as far as the eye can see.
Mexico's Declining Oil Production: Clarion Call for Cantarell [View article]
FYI...the Mexican Government derives about 40% of its operating income from Pemex. The government can't support its people now. Consider Mexico without oil.
Investment Opportunities Created by an Obama Presidency [View article]
Pelosi will reestablish the off-shore drilling ban as soon as Congress returns. That will reduce the potential oil supply. Opec meets on 11-29 to cut production again. Bet on oil, especially Canadian oil as the U.S. Dollar is over-bought.
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Latest | Highest ratedNew Lows in Pessimism Could Signal a Top [View article]
On Dec 02 04:49 PM enigmaman wrote:
> investor newsletters have historically always been wrong, so if they
> are bullish that is bearish for sure, not sure where you get that
> investors are increasingly confident, Im not reading that nor does
> the volume back you up, 1/3 expect a correction of 10%+ what about
> the other 66% do they expect new highs or new lows, 1/3 the equation
> is of little use. So in the end, after all your analysis its expected
> that those who are bearish will jump on board to push the market
> to new highs and then force the correction that they have expected,
> I assume its the dumb money sitting on the sidelines your waiting
> for, well I have bad and good news, the bad news, If your waiting
> for the dumb money to get on board you will have to wait a very long
> time, so forget about capitulation, the good news is in the mean
> time the market should continue to rally to higher highs with no
> end in sight so make sure your 100% in and if your able margin up
> to the max because its blue skies for as far as the eye can see.
Pay to Play: Lessons for Calpers [View article]
Is the P/E Ratio Now Meaningless? [View article]
Mexico's Declining Oil Production: Clarion Call for Cantarell [View article]
Book Review: Great Depression Ahead [View article]
Investment Opportunities Created by an Obama Presidency [View article]
Bet on oil, especially Canadian oil as the U.S. Dollar is over-bought.
Case-Shiller Shows More Record Home Price Declines in August [View article]