I'm writing from the Chicago area, but the headline of this post does not refer to the city's sports teams.
Retail sales were pretty bad over the holiday shopping period. That does not bode well for the stock market.
But, David points out that "the individual investor bullishness level was reported at 28.95%. This is down from 39.73% last week." That's a steep decline and should be encouraging news to bullish contrarians.
And, Barry asks: "Here’s an interesting question: Are videos like this one more likely to occur nearer to tops or bottoms?" He obviously suggests that we are late in the bear-market cycle.
I admit that I have no idea as to what's coming next. After the fact, it will be pretty easy to look back and say that it was 'obvious' that the market was poised to …
The difficulty is that we must make our decisions before the future is known.
- Is it time to protect your assets by using bearish option strategies?
- Or is it time to buy the 'bargains' and get long?
- Or it it time to prepare for a multi-year sideways stock market by writing option premium?
Surely one of those methods is going to pay handsome rewards. But which?