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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (18726)2/1/2022 9:11:43 AM
From: OldAIMGuy1 Recommendation

Recommended By
Condo

   of 18928
 
The recent weeks market action has washed out a lot of traditional speculation.


This is the first time my Speculation Index has dropped to "bullish" levels since June of 2020. Market valuations are still on the high side, but at least speculators are being a bit more cautious. I also don't like the continuing new IPO/New Issues levels. They are still elevated and bearish. There are now over 9100 stocks being traded on the NASDAQ and NYSE each week. Compare that to just 7100 at the beginning of 2021. 2000 more issues to study and perform diligent research. How many speculators did such work before buying these newbies?



So, while my Speculation Index shows a nice low value, that's for the existing traditional markets of established companies. The Speculators have just moved their activity to the IPO/New Issues markets.

Best wishes,
OAG Tom
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