The heart of the wise is in the house of mourning; but the heart of fools is in the house of mirth. Eccesiastes 7:4
I can't believe the happy-silly-dippy commentators on CNBC. I think I might just puke. Everything is smiley-laughey-jokey. It's eternal screw-around time. "Friends" for investors. Ha! Ha! "What fun we have here commentating on the financial markets!"
Talk about an important contrary indicator involving investor sentiment and abnormal psychology!
Someone should create some sort of an index that correlates market tops to the giddiness of the stock market commentators on T.V. The happier and more stupid they get, the closer we must be. Bull