OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Is being a [bullish] contrarian the right thing to do–or izzit different this time?

Posted by Richard640 @ 9:03 on June 17, 2022  

There is an almost surreal complacency…on the TEE VEE BOX,  most of what I hear is what stocks or sectors to be in…draw up your buying lists etc etc….I did hear a few analysts say sit in cash there’s more to go.

 
from Jason Goepfert (Sentiment Trader)

 

More than 90% of stocks in the S&P 500 declined today.
It’s the 5th time in the past 7 days.

Since 1928, there have been exactly 0 precedents.

This is the most overwhelming display of selling in history.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.