The latest American Association of Individual Investors survey shows— the first time in more than 1,800 weekly readings going back to 1987 that bearish sentiment topped 60% for two weeks running. Last week's bearish reading stood at 60.9%, but two weeks ago it was only 46%.
Contrarians look at all that favorably, arguing that it means fewer sellers are left to push prices lower and the market's washed out.
Another great win for Joey
This was SO PREDICTABLE and has everything to do with the US Dollar. iPhone around the WORLD are 30% more Expensive and with China 19% unemployment in ages 19 to 24 due to the LOCKDOWNS the story will NOT get better until Dollar Declines by 30% back to historical norms.
Capitulators! Soft landing more likely! They’re going to wish they would have held!
The greatest economy ever
Yes
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