Saturday, December 19, 2009

Sentiment Alert!

Tony and I have been in a morning long Argument/discussion about market direction and if Barry, is "Spot on" or if he is; "Lookout Below", and "Get Wicked Short" Barry, the Monday after Bear Collapsed. Not to mock; since we are all susceptible to the Prevailing sentiment.

As I just presented the idea that Barry sort of "Diggs in" on his forecast, at inflection points.

(In case he reads this, Not that he is Long term wrong; Just that it's important Sentiment, for some sort of swing.)

Just as another indicator of sentiment, we get into Discussions +/- a few days of a significant High.
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2 comments:

  1. TonyDecember 19, 2009 at 6:37 PM

    I'm not sure what your gripe is with Barry over Bear Stearns. He actually was one of the first to give credence to the rumors of their lack of capital.

    http://bigpicture.typepad.com/comments/2008/03/rumor-of-the-da.html

    I don't remember Ritholtz saying to go "wicked short" at the time, but geez, if he did that would have been as good a time as any to sell.

    Yes, we do seem to have these discussions near inflection points-- not always tops, tho, since I remember a pretty detailed discussion near the Mar 6 low and also another one neat the July take-off.

    I think this is another inflection point, and it can go either way. A solid case could be made for either direction. I'll wait for the first swing.

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  2. EricDecember 19, 2009 at 7:10 PM

    not going to waist my time, sorry.

    just to be clear, I'm ONLY SAYING...

    "Sentiment is Massively Positive."

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