tag:blogger.com,1999:blog-3310402797768514899.post1862759702776273070..comments2023-11-05T03:39:11.575-05:00Comments on The Technical Take: Investor Sentiment: I Have Said It All!Guy M. Lernerhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3310402797768514899.post-55654228047833485722009-08-25T12:06:57.929-04:002009-08-25T12:06:57.929-04:00In June I gave up the 'hope' of a correcti...In June I gave up the 'hope' of a correction downwards in stock prices. Then the small correction came in early July. I have been selling my stocks in the past 3 days, and have now 42 % in cash, just in case we get a September 'correction'.<br /><br />I am now pretty sure that the worldwide recession is behind us, and the S&P 500 will rise to its 'normal' levels of 1200 points within a couple of years. But the road will be bumpy.<br /><br />Regards,<br />McTurskaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-57145430310063200472009-08-24T11:23:27.746-04:002009-08-24T11:23:27.746-04:00Guy,
I appreciate your blog so much! I've fo...Guy, <br />I appreciate your blog so much! I've found you after hearing your interview with Daniel Frischberg in Houston on BizRadio. You were great.<br /><br />What type of inputs do you use to create your "Smart Money" indicator?<br /><br />Thanks<br />GoatmugGoatmughttp://www.goatmug.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-59612813044061037512009-08-24T10:06:27.500-04:002009-08-24T10:06:27.500-04:00"The question is: Did you profit from "l..."The question is: Did you profit from "lower prices" the market offered you last week (the 2% down) to go long? :)"<br /><br />That decline shouldn't have taken you of your positions if you had entered the rally in July. The trend hadn't been affected.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-79594280102068195842009-08-24T10:03:48.564-04:002009-08-24T10:03:48.564-04:00There was quant easing (Fed buying assets) in 2003...There was quant easing (Fed buying assets) in 2003-2005.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-2774974478425631632009-08-24T10:03:19.902-04:002009-08-24T10:03:19.902-04:00Anonymous #2:
Thanks for using the word "pr...Anonymous #2: <br /><br />Thanks for using the word "probability". <br /><br />Dacian: The answer is "no"; I was not in the market. Although at this point, the position would represent a small portion of a portfolio as we move higher I would be less inclined to risk more; furthermore, I don't want to day trade or have to thread the needle to make a trade work, and with only a 2% pullback that is what I think we would be doing. To me, there is high probability that we will pass this way again and again!Guy M. Lernerhttps://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-67274799192038636392009-08-24T06:58:35.670-04:002009-08-24T06:58:35.670-04:00Guy,
The question is: Did you profit from "l...Guy,<br /><br />The question is: Did you profit from "lower prices" the market offered you last week (the 2% down) to go long? :)<br /><br />Overall, the market is becoming silly imho (but who am I anyway?)<br /><br />And btw, thanks for the charts!<br /><br />PS: let's see if the $ accelerates down from hereDaciannoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-90341306404320588132009-08-24T03:31:04.348-04:002009-08-24T03:31:04.348-04:00"Market could be longer irrational, than you ..."Market could be longer irrational, than you solvent" or something in this style, as Keynes said :-)<br /><br />Similar thing you can see in 2003 - extremely high bulish sentiment (for example AAII SR) didn't provoke market to deep correction at all.<br /><br />@ Anonymous no 1 - Dumb Money are really dumb, but the common true says: nothing guarantees you 100% effectiveness. Sometimes Dumbs can be right :-) but I prefer to look at what smart money do - they are right much more often. It's all the metter of Probability.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3310402797768514899.post-52924084860761645832009-08-23T21:31:58.726-04:002009-08-23T21:31:58.726-04:00Maybe the Dumb Money is not so dumb after-all?Maybe the Dumb Money is not so dumb after-all?Anonymousnoreply@blogger.com