Wednesday, January 2, 2013

Sentiment Expressed in the Press

Sentiment expressed in the press is always gloomy at market bottoms. Here are two examples. The first is from December 2011. "Our decade from hell will get worse in 2012." $SPX rose over 20% in the next 12 months.

The second is was published near the market bottom in the early 1990's recession (and start of a historic bull market).

Here is $SPX's subsequent performance (article at green arrow)