On Market Sentiment

It has been my observation over (sadly) a long period of time that when all of the “stars” line up and point in one direction, it’s often time to go in another direction. The commentary on the TV shows and newspapers is usually the last place one would go to for investment advice. The media is, however, a good place to consider if one was looking for signs that sentiment has gotten away from reality. I wonder if the market enthusiasm in this ABC News clip isn’t a signal that we have reached a tipping point.

All of these “stars” are now on the same page. Is it possible that they could all be right? If so, that would be a first.

About Bruce Krasting 208 Articles

Bruce worked on Wall Street for twenty five years, he has been writing for the professional press for the last five years and has been on the Fox Business channel several times as a guest describing his written work.

From 1990-1995 he ran a private hedge fund in Greenwich Ct. called Falconer Limited. Investments were driven by macro developments. He closed the fund and retired in 1995. Bruce also been employed by Drexel Burnham Lambert, Citicorp, Credit Suisse and Irving Trust Corp.

Bruce holds a bachelor's degree in economics from Ithaca College and currently lives in Westchester, NY.

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