I just spent 3 hours thinking about market sentiment...
And I want to jump of a bridge.... Aversion?
So many nebulus metrics....
It's hard to tell if the second low in november was panic.... or Despair.
It's also interesting, that there has been some improvement in the data flow. But.. Is it Better?, or just Less Negative.... Is there a difference?... and does that mean we are ignoring the positives? Does a reduction of the second derivative, count as a positive?.
It's very clear to me, that the lows we keep making are "Despair".
The other side of the coin is that .... That was so scary in october, i have it blocked out... and it just seems as though, it will be hard to scare anyone else out.
Looks like I have a date with a book on sentiment.
Let me also ... On Thursday, Maria barteromo was in a solid state of despair... But here is the hickup... she was ANGRY....One can also say that many market participants, especially the Angry crazy ones now... it's the anger that is making them crazy.... They are all "IF ONLY THEY WOULD DO MY PLAN!!! EVERYTHING WOULD BE FINE."...
If instead of the market sentiment, we do stages of grief, this "Hope" is actually Barganing, and Maria was in Anger..... this is hell and gone from Depression and Acceptance.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Sunday, February 15, 2009
Wholy Crap!
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