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This list is a micro section of the investment community and it is rampant
with doom and gloom. The reasons for such negative feelings are both
fundamental and technical. As we drop, the negative beliefs feed on
themselves and become self fulfilling which only brings about a new set of
technical numbers ever lower .. ever worse. How many believe that the
market is this easy? That the market will do just what most think it will
do? How many think it will do what hurts the most people? After my 37
years in the equity markets, I still know of no better indicator than the
contrarian indicator. I don't offer advice on this list very often but I
wouldn't fall in love with any position or trend right now.
Bob
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