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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (403756)	5/1/2010 10:24:35 AM
From: MythMan	3 Recommendations Read Replies (2) \| Respond to of 436258

>>Alan Newman, a crack technician, and chief cook and bottle washer at newsletter CrossCurrents, offers another intriguing contrary-sentiment indicator in his latest commentary. It's based on investor preferences in mutual funds, and he credits some Rydex charts on the Decisionpoint Website with supplying the necessary info. Recently, Alan relates, money-market and bear-fund assets both fell to multiyear lows, while bull- and sector-fund assets mounted to their highest levels since the October 2007 market peak. Currently, he reports, there is roughly $7.50 in bull and sector funds for every $1 in bear-market fund assets, which he calls "the most ridiculously one-sided sentiment we have seen since the tech mania convinced folks that no price was too high to pay." And Alan, who's usually a pretty cool cat, warns that it has all the makings of a significant downside reversal, beginning "like right now."<< As you've noted, everyone is on board the Bull Train...