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Stock analyst ratings are still excellent contrary indicators, according to a recent Bloomberg study: Companies in the Standard & Poor’s 500 Index that analysts loved the most rose 73 percent on average since the benchmark for U.S. equity started to recover in March 2009, while those with the fewest “buy” recommendations gained 165 percent, according […]
The “dumb money” is starting to work itself into a frenzy – Steve Sjuggerud writes in today’s DailyWealth: Today, “the Dumb Money is 71% confident in a rally,” my friend Jason Goepfert wrote. Jason tracks investor sentiment through his website SentimenTrader. The last time the Dumb Money was this optimistic was back in April, right before the […]
Here’s another potential magazine cover classic! Source: Barron’s Hat tips to Business Insider and the S&A Digest.
Mr. T lays out a beautiful case for the barbaric relic on Bloomberg TV… At first blush, this would appear to be a classic contrarian market indicator. But actually Mr. T is not pitching to sell you gold, but rather buy your gold in exchange for – wait for it – cash. You know, the […]
We always love a good contrary indicator! And here’s a great one from Barry Ritholtz on his always-excellent blog entitled Are Wall Street Analysts Contrary Indicators? As we have noted so many times previously, following the Wall Street crowd of analysts is rarely the way to make money. Collectively, the analyst community has turned excessively […]
Wall Street is going crazy for MLPs these days! The safe, stable, dividend yield of a master limited partnership (MLP) is all the rage right now with investors. Which is precisely the reason you might want to steer clear of this sector for a bit. Tom Dyson elaborates in his Daily Wealth column: Whenever you […]
Remember a few weeks ago, when the Baltic Dry Index was on the ropes? Well, it’s off the ropes – and in complete freefall. Support has NOT held for the BDI, a favorite leading indicator of many investors. And one, might I add, that has performed quite well since the equity markets topped in 2007 […]
CLF – Cliff’s Natural Resources Why you ask? Because it’s THIS GUY’S favorite pick! James Altucher also believes the S&P is heading towards 1500 because “stocks are cheap”. he says the S&P historically trades at 15 times earnings…which is perhaps correct…if you’re talking about bull market tops! So should us contrarians run out and short […]
On Tuesday, Seeking Alpha published a “timely” piece that I penned entitled 3 Reasons This Rally Is Toast – just in time to see markets rally over 2% on the day! The article generated a significant amount of buzz on the site – in fact, as I write this Wednesday afternoon, it’s currently the second most […]
Could the re-emergence of Mr. T be the mother of all sell signals for gold? Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article: The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points […]
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