Not Investment Advice
Chuck Ponzi February 26th, 2007
Wondering where to put your money now that the housing bubble has burst? Check out what the general public is saying:
Spring smackdown meet commodities bull market.
***************Follow up*********************
The poll was conducted by Yahoo finance. Ever since I wrote the infamous Yahoo Effect posting, I use their frequent online polls to get an idea on what is going throught Joe 6Pac’s mind. Here’s the proof that it’s Yahoo’s doing
:
dude
what is this stuff you put up, with no references, no indictation of who conducted the poll, when, across what population…
this is a junk post.
smarten up!
Damn, You’re right. I have been posting so many Yahoo Finance polls that I forget to tell people every time…
I’ll correct it right away:
Chuck.
I don’t know what this tells me? I imagine these polls would be a great contrarian indicator because the crowd, particularly the uneducated crowd, is almost always wrong on the direction of financial markets.
Personally, I think now is a great time to be in cash or consider going short.
DOW closed down today -416 and NASDQ down -97. That’s pretty contrarian.
All part of the spring smackdown.
I opened up a topic in the forum on this to discuss it:
http://www.socalbubble.com/for.....hp?p=11#11
Chuck Ponzi.
And on over 4 billion shares almost all of which was on the sell side (I think I read only 20 million of that was buy side).