If you're short, I'm the sucker going long....: the sentiment that was remarkable today

Tuesday, April 21, 2009

the sentiment that was remarkable today

how much all those that have been Bearish...... are now into "Buying the dip"

4 comments:

Tony said...: I'm not sure we are in the buy the dip phase since that implies that confidence has returned and that seems to imply that outlook on fundamentals would need to be clearer.

I would still consider this a wall of worry scenario since everyone seems to think we will pb significantly.

I guess some stocks are buy the dip, but the market overall seems wall of worry.; April 22, 2009 at 11:18 AM
Eric said...: Long term we can say "wall of worry"

the best I can give is that we still have one more leg down before we can try and make new highs.

the market is rough...

and Frustrating..

and I think the "dip buyers" are going to get hurt.... but just in the short term.

The volume again was very strong this morning.; April 22, 2009 at 11:25 AM
Tony said...: Geez, I thought you'd be out pricing boats with WFC up over $20.

It has been tough to figure out though, I'm getting jittery. I guess that's the "anxiety" phase near the top of wall of worry.

Looking to add to my short positions, short the tops, so to speak. The aversion could be after the stress tests come out, like a sell the news, dontcha think?; April 22, 2009 at 11:40 AM
Eric said...: I'm mostly cash. I've been playing with 1 or 2 positions.

Personally I've gone aversion

sentiment happens in different time frames.

one would suggest that after our "Short term top" we had subbtle warning, and now we will move to overt"

but... All the buy the dip creeps me out, as sentiment. but you get that after a top, as the fools just keep "Buying the top"

if you want my "Feel" the positive emotions are on the Wane. and we need some new found fears.

but all of this in the context of a Macro "Wall of worry" which I think will go on through a summer rally, then we can do aversion in the fall; April 22, 2009 at 12:06 PM

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