Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: TechTrader42 who started this subject	4/25/2002 11:13:34 AM
From: TechTrader42	Read Replies (1) of 1487

The divergence in the Naz CI was meaningful after all. I suppose credulous investors think the COMPX couldn't possibly hit 1696. Funnily enough, the ST CI is still so high that the COMPX could even go to 1646. Downturns often end with panics. But who's to say? Credulous investors have certainly been rushing into the circus tent this morning. Here's a word for credulous investors: zugzwang. In chess, you're in zugzwang when any move will hurt your position. Credulous investors (cretins) excel at getting themselves in zugzwang. Their telecoms and high-tech junk go down and they double up. When their precious holds plummet again, they're in for the long term. And then, when their beloved techs rise from the ashes for a few minutes, they declare, "I told you so." It's all very illuminating. There are threads devoted to it. ST Naz CI: 53.049 62.348 MT Naz CI: 43.123 50.682 LT Naz CI: 73.801 77.283 ST S&P CI: 9.899 17.528 MT S&P CI: 9.627 16.993 LT S&P CI: 58.371 65.520 Testimonial: "Bloody h! Your danged CI's got me in zugzwang once again! And you triple-billed me again this month!! I'm delighted with your service!"

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