Look at what just plunged to the 2nd lowest level since the 2008 financial crisis.
October 11 (King World News) – Jason Goepfert at SentimenTrader: “It’s been another week when stocks mostly held together, and another week when (mostly) crabby old white men think it can’t go any further.
The latest survey results from AAII showed yet another drop in optimism, pushing the 20-week average of the Bull Ratio to the 2nd-lowest reading since the financial crisis.
…A year after these signals, the S&P showed a positive return every time. There were some scary moments in between, especially in 2008, but over time stocks recovered with consistency.
Some recent market developments have showed an increasingly questionable risk/reward for the months ahead, but this is one that is hard to suggest is anything but positive. The only real outlier was during the worst financial crisis in a generation. For a medium- to long-term time frame, it’s a positive sign. To subscribe to the internationally acclaimed work that Jason Goepfert produces at SentimenTrader CLICK HERE.
It Was A Wild Night, Plus Endgame
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Fred Hickey On Gold & Silver, Plus Some Stunning Charts & Info CLICK HERE TO READ
ALERT: Important Update On The Gold Market CLICK HERE TO READ
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