Home » Most Recent Stories

A REALITY CHECK

28 January 2010 by Cullen Roche 0 Comments

Psychology in this market remains incredibly fragile.  In his morning missive, David Rosenberg is quick to note the jumpy investor sentiment:

“Boy, it sure doesn’t take much to unnerve the bull crowd. Just in the past week, the Investors Intelligence (II) poll showed that the share of bulls has plunged, to 40% from 52.2%; and the bear share, while still in a minority, edged up, to 23.2% from 18.9%. But those in the “correction camp” jumped from 28.9% to 36.7% — a 23-year high. But since the correction has already started, what is the real mystery is why that number isn’t closer to 100%.”

This has also been apparent in the VIX, which recently spiked over 50% in less than two trading sessions.  Investors remain skittish.

Cullen Roche

Cullen Roche

Bio - Coming Soon.

More Posts - Website

Follow Me:
TwitterYouTube

Disclosures - Unless otherwise noted, authors have no positions in any securities mentioned and readers should never consider this to be investment advice. Always consult your financial advisor before acting on any ideas. Comments Guideline - Readers who denigrate authors or other readers will be banned without warning. This site does not tolerate any sort of reader abuse. The goal of this site is to create an environment that is conducive to learning and better understanding of the monetary system and the investment world. We expect readers to behave maturely and responsibly. We welcome and encourage intense and intelligent discourse, but the site adheres to a strict 1 strike policy. While it is your right to speak freely, it is not your right to behave childishly. Above all else, please enjoy the site. It is intended to be used as an educational tool and we hope the intelligent and mature debate will further that purpose. We hope readers will make an effort to respect that goal. Comments with excessive linking or foul language will be moderated before posting.