January 28, 2022

Volatility Reports 1/28/22

Nearly everyone has jumped on the idea of an S&P washed out and the idea sentiment of the everyday investor at extreme bearish readings, they say,  has got to be bullish.

When it comes to contrary thinking, the old school looks at what they have been told is the public who is hard-wired to lose 90% of the time. Yea that is old school TA, goes back to monitoring the “odd lotter’s” back in the 1920 and 1930s. The inference was dumb money because they were too poor to buy a round lot, 100 shares of stock. Hell, today they pander to the people to buy fractional shares.

Well, the point is that it was genius on Wall Street who told me he looked for a wave of consensus among the professionals, the advisors, the wirehouses, and today the instantaneous internet market experts.

While surveys of little bitty old people are fine for the people that use them, the actions of the traders, capital managers, and hedgers tell a story of

This work by Jack Cahn is licensed under a Creative Commons Attribution-NonCommercial 4.0 International