People trapped in a bad trade/investment love to make lists.
Hard to argue with that move as 17K is splashed across the USA Today home page and "Dow Jones" is Twitter trending.
"no one on this board is dumber than you. add nothing have no positions. have no trades. do nothing of import except talk about qe etc and criticize delta and anybody who may not be long . Im thinking your a paid shill."
The idea that someone is paid to shill for an S&P 500 derived vehicle on a message board frequented by 12 people is as dumb as anything else written in this or any other forum.
Obama is absolutely the worst President ever, just as Bush before him was the worst President ever, and the President who comes next will be the worst President ever.
Why? Because "(Name of President I Don't Like) is the worst President ever" is the tedious excuse for analysis of the era.
"big freaking windbag no character and 0 substance."
The Irony Police are rushing to the scene of that post.
Insider Transaction ratio has come around. Not extreme but highest insider selling ratio since late February and finally in a place that's favorable to the bears.
"I would like my CEO to buyback when stocks are cheap."
Me too, but it's a funny thing. Ideally they issue shares at the peak and buy them at the lows. What is that effectively doing? Shorting their own stock. That can draw some jeers.
"I guess that's right; I'm using AAII. But when you posted, isn't that what you were using?"
No, I don't use AAII. II is the Investors Intelligence survey.
"Only 11% bull advantage on II. Not a strong signal, right?"
You are mistaking the AAII for the II.
Thanks for the views, Tros.
btw, I've rolled my underwater SSO 112 call short into July. The much smaller 114 I closed at a loss with a view to re-opening that if the S&P rockets to 2K. I think the sentiment situation will not be something the market can shake off.
But...again...the bulls have one data point that has been invincible for years. The Insider Transactions ratio says 'buy'. Maybe they sell into 2K.
" Odd as it may seem, the deepest values these days are in inverse US stock indices."
Great line. And great point is that deep values usually come about for a reason, so if you're truly into deep value you might not want to look at reasons to talk yourself out of it. Perhaps better to look at known headwinds as a plus because they are known.
Tros, I have brought up base metals several times and now am underwater on some TCK. They are several years into a bear market and are certainly not expensive. I'm not adding to anything here with the II at 45, but those are stocks that certainly haven't seen their valuations stretch.
One of the people most opposed to top calling- Buzz- may well be the one who has nailed the top.
A couple of weeks ago the sentiment indicators hit extremes. But today marked the necessary avalanche of "Sentiment Doesn't Matter Anymore And Here's Why...". Anyone who flagged sentiment on Twitter 2 weeks ago got a lot of supportive comments. Today the much smaller number who flagged sentiment got laughed out of the room.
How would you know?"
Reading message boards. When trades go bad, the lists come out. The worse the trades, the longer the lists. It's almost like people think they can debate with the market.