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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: rcksinc who wrote (169057)6/18/2008 1:28:21 PM
From: Paul Shread  Read Replies (3) | Respond to of 209892
 
Nope, 1500. That kind of panicky market read strikes me as contrarian/bullish. I don't know about you, but I've seen 10 months of end-of-the-world coverage - if it happens, it'll be the first time everyone saw it coming. We had 10+ year extremes in sentiment and options at the lows, and 25+ year extremes if you count consumer sentiment - it's hard for me to believe the worst isn't largely priced in at this point.


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