I’ve not gotten my reliable signal yet - my brother. He’s exactly wrong, every time.
Bought gold at the 1982 top.
Bought stocks during dotcom boom.
Called me and told me to sell in March of 2003, and again in March 2009, at the very bottom each time.
FReepmail me with his latest recos, please.
I got a few of those correct, thanks to Bob Brinker, at MarketTimer.
But,in 2008? I blew it. Was OUT of the market in May/June... so proud of myself. I moved back in, fully... in August. Just saying that now scares me.....
Just today, I do this.. tell the world, and immediately our Sec of Def starts warning about terrorist attacks on the homeland... Great.
I now LIVE on a wall of worry.
Your brother is in very good company, and watching market sentiment can tell us a lot even while it tries to make people buy high and sell low. Some people just say the market's rigged and it's sinister forces that are sticking to the little guy. My take is that it's the human emotions that are what's messing up market prices and that the more sophisticated we get then the more we can overcome fear and greed and do what works.
(Wyatt, a while back you posted a terrific graphic on market sentiment on surges and dips and how natural human emotions were so counterproductive --if you remember where it was please repost.)