Friday, January 1, 2010
One for Estrader and MG really
My new year resolution is not to post any market related stories but only comment on them. However as i have said a while now i do think the easiest - but even thats not that easy - way to determine the change in HPs is to assume the correlation between HPs and equities will continue. On that basis calculating the top of the bear market rally in equities, seems a good place to look. This is a link to investors intelligence. I draw your attention to the Bull / Bear [BB] ratio chart in particular. I will also (for those that are interested) copy a rather long article by a blogger - who i think is pretty good (apart from the spelling mistakes i could have wrote it). It gives you a feel for how market people think, and how difficult it is to go against the herd. Lots of angst!!