Discuss Market Comments 11/08

Concerns of being overbought / overly bullish- Friday was an interesting day. We were coming off a 220-point rally on Thursday, and then we saw a better than expected jobs report before the market opened Friday morning, and the indices rallied out of the gate on the news...

Market Commentary for 11/08/10

Current Daily Market Commentary

 

[Guest]

Nice call last week on staying in instead of getting out on expectation of a sell the news reaction to elections and QE2. Stings to have missed that jump.

Re: today's article, I wonder how much apathy, or total disgust with the stock martket, by the masses influences the smart money/dumb money. Most of the "dumb money" crowd I know personally just doesn't care any more.

 

[tsptalk]

Interesting. The dumb money will perk back up at some point, and unfortunately their renewed interest will probably be the sign that it is time to sell again.

But our survey came in at 3 to 1 bulls so obviously there is obviously some interest somewhere. But I think there is a difference between dumb money, who I would define as us - not pros but people with some knowledge - and there's the another level that you are talking about, who may not even have enough knowledge to answer a simplw bull / bear poll with any kind of understanding. It would be tough to go off of their views.