Attitudinal
Sentiment And “Seasonals” Collide
Stock market sentiment is overheated, at least on a short-term basis. But does excessively optimistic market sentiment lead to worse September-October market action? Yes it does, but the observations are limited.
Major Trend Index Fading As “That Time Of Year” Looms
With “That Time Of Year” approaching and the Major Trend Index not too far above the neutral zone, we review nine factors impacting the stock market from a glass-half-empty perspective.
Was It “Easy Money” All Along?
The “easy money”—at least psychologically— may still be ahead for some. Money continues to move out of U.S. equity mutual funds, and there is still skepticism about the stock market.
Be A Buyer In An October Scare
Following a strong September, October may be a little weaker. However, readers should use any October scare to buy equities in anticipation of strong end to 2009.
Attitudinal Scores Among Highest Ever Recorded
Attitudinal category now very positive reflecting excess bearishness which typically comes near market bottoms.
Sentiment: Still Plenty of Non-Believers
Our Attitudinal analysis—or investor sentiment—normally deteriorates badly leading into a major market top, but has held up surprisingly well in the face of the last several weeks’ almost relentless, daily upside action.
What Does Market Sentiment Look Like?
The month’s “Of Special Interest” examines Attitudinal portion of the Major Trend to assess whether the market hit an important bottom during May to June market decline.
Market Sentiment: Currently A Mixed Bag
An in depth discussion of market sentiment...At present, it is a real mixed bag, there is no clear cut consensus.
This Was No Summer Of Love
In August, the bloodletting finally slowed: Majority of indices actually managed to eke out small gains.
Public Conficence Measures
Numerous measures experienced sharp drops corresponding closely to the stock market sell off. Without a bounce in the next two months, the outlook for the economy and the stock market may look quite bleak.
On the Borderline
Major Trend close to reverting to negative status with ratio at 0.95. Shades of 1968, that great speculative garbage market. 1996 is looking like a replay...it’s just like old times...greed, excitement, performance chasing, and no earnings IPO’s.
Investor Attitudes: Polling the Pros in Boston
What a difference a city makes (or a month, or 150 miles). Boston is much more positive about the stock market than New York according to last's month poll. Over a 1 year time horizon, we went from 6% "Bullish'' in New York to 33% "Bullish" in Boston.
Investor Psychology Measured by P/E Momentum
In 1988, corporate profits have been surging ahead, but the stock market has paid little heed. Investor psychology is still negative. Good earnings reports are greeted with a sell off more often than a rally.