Contrarian indicator? The number of investment clubs - hitting 60K before the tech bubble burst...

|By:, SA News Editor

Contrarian indicator? The number of investment clubs - hitting 60K before the tech bubble burst - has dwindled to just 5.5K. Instead of books about the outstanding returns of the Beardstown Ladies (now available new on Amazon for $0.75) is a recent academic paper titled, "Too Many Cooks Spoil the Profits."