Benditaliquidez
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Ale, ya saltó el stop del musculitos y la progenitora que parió al mercado...
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Yo veo rojo pasión en el índice patrio.
Igual no tiene nada que ver...pero os dejo esto.
Jonathan Ratner December 23, 2010 – 9:31 am
Many investors have grown concerned about rising bullishness in recent weeks as the Street unveiled optimistic outlooks for 2011, and positive sentiment surveys emerged from the American Association of Individual Investors (AAII) and Investors Intelligence.
But these concerns are misplaced, says Thomas J. Lee, chief U.S. equity strategist at JPMorgan. He tells clients that sentiment readings take on a totally different meaning depending on what stage the market is in – bull or bear.
In bull markets, AAII readings (% bull less % bear) of 0 to +40 have been consistent with forward six-month gains of 6% to 7%. In bear markets, they are associated with declines of 11% to 14%.
As a result, bullish sentiment is not contrarian in a bull market. Mr. Lee does say that extreme readings remain high-quality contrarian signals.
For example, an AAII reading above 50 led to declines regardless of whether we were in a bull or bear market. Likewise, readings of -40 or worse produces forward six-month gains of 22%, again regardless of the market’s stage.
With a current level of 23, the strategist stressed that this “is not an extreme reading.”