Anectdotal market tops and market bottoms

Discussion in 'Economics' started by Port1385, Nov 6, 2008.

  1. What are some anectdotal market tops? Here are some off the top of my head, feel free to add:

    - When the Starbucks conversations are about that particular market...i.e. housing market, stock market, etc.

    - When the "idiots" and "morons" start to outnumber the "experts" in that particular market...i.e. all the soccer moms and football coaches becoming real estate agents and mortgage brokers

    - When the Timothy Sykes of the world start placing up websites and marketing books.

    - When you hear commercials like this "I am Fred Johnson and Im a tow-truck driver that made it big daytrading the market."

    - On ET, you see a record amount of useless posts and overall spam and an absence of any real expert trading advice.

    - When you hear some tv personality on CNBC start hitting the "buy button" and screaming at television viewers that they absolutely must get in on this market.

    I guess the anectdotal market bottom is the flip-side of the above examples.