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 popular article on the entire site.
My short term predictive powers appear to have wowed a lot of readers, as it garnered 74 comments and counting – many from folks who took the opportunity to tell me what an idiot I am.
They may be right – I’m just a guy who follows, writes, and muses about the markets for fun. Then I got to thinking – there were A LOT of commenters who said I was a complete moron for shorting this market because it’s still a bull market. I wondered – exactly how many?
So, I totaled it up. Out of 74 comments, there were some repeats, and some off-topic comments – but at quick count, about 34 unique personalities that weighed in about whether or not they agreed with my short term market prognosis.
Might this be a contrary indicator of extreme short term bullishness?