The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Wednesday, August 5, 2009
Sentimental Lady - part deux
On July 24, I blogged about some frothiness in the market but the correction never came. Today, my column deals with more objective evidence. Yes, the AAII survey is there but thanks to an interview I saw with my friend Rick Bensignor, I have found a better one. Jake Bernstein's daily sentiment index really does have a hot track record and it is signaling a short-term top right now.