Source: BofA Merrill Lynch, Global Research, Bloomberg

 

Continues here

 

 

 

Category: Markets, Sentiment

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “Where Did All the Bulls Go?”

  1. wisegrowth says:

    I am in the same camp as Mark Cook.
    http://www.marketwatch.com/story/stock-trader-who-called-three-crashes-sees-20-collapse-2014-07-28

    My measure is different and is based on the economy hitting the effective demand limit. But the result will be the same. The underlying fundamentals are decaying the longer the market tries to rise.

  2. rd says:

    The bulls are all pining for the fjords.

    But, the bull market won’t be over until Obama says it is:

    http://www.businessinsider.com/obama-buying-stocks-is-a-potentially-good-deal-2014-7

  3. chartist says:

    Well, I am still here…..Ford remains my top pick….The very long term chart, with its broad head and shoulders bottom pattern indicates a return to the old highs around $37…My guess is within the next 4 or 5 years…That would be a nice return, especially with the dividend….So, with a beta of 1.35 for F, I guess the S&P tops out around 3100 during that time frame.

  4. SumDumGuy says:

    I am of the opinion that this is an effect of the Internet, and the herd psychology of calling a market top given that we came off of a previous decade with two massive bubbles bursting. There are so many doomsayers saying that a crash is imminent along with “dumb money” folks being too broke to even invest this decade (NY Times article saying people are down 30% in net wealth compared to ten years ago) that no one thinks the bull market can continue.

    Also add in the political aspect where you have an entire party trying to say everything is awful and that doom (i.e. hyper inflation, Obamacare, etc) is just around the corner.

  5. constantnormal says:

    Perhaps, in these times when algorithmic trading dominates the price-setting of the markets, the AAII surveys no longer have relevance. Every technical market indicator has a limited shelf life, beyond which their utility evaporates.

    Placing a disproportional amount of weight in a single market indicator, attempting to predict the future of a chaotic storm of investors’ (both human and cybernetic) opinions and beliefs, as reflected in stock prices, is a recipe for disaster. EVERY market indicator or trading system fails at some point.