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.
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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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