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主题:【原创】道琼斯新高: 傻瓜在狂奔 -- 倥偬飞人

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家园 Suckers Yes but Who?

If you want to call a top or a bottom, professors or economists are the last person you want to ask for opinion. If the professor's theory is indeed going to materialize, the market would have at least touch the May low already. Instead you see the S&P makes steady higher lows and higher highs while the sentiment is no where near eupharia(recessions still on the headline; NYSE and NASDAQ short interests around year high; hedge funds and small speculators' have very modest long positions on futures market). I am not smart enough to figure out why his theory is flawed but takes a look at the chart it doesn't seem to agree. Remeber if you don't know who the sucker is, you probably are.

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