I just saw my first etf ad on MSNBC. Been a long, long, time. I'm a bull and fully invested in the stock market. Not a doom and gloomer. Some of you guys don't remember the 90's. Back then people watched David Letterman, and just about every other ad was for a mutual fund. Just something to notice. I suppose you could call it a contrarian indicator. In that, the more financial ads you see on non financial channels, the more cautious you should be. after all, it's been a very good and pretty long bull market.
I hear you. But I think we're still a long way from "money out the wazoo" ads. Honestly, I'm not sure we'll get there in my (remaining) lifetime.
back when rates hit 10%, everybody that watched tv was an expert in rolling over cd's you're probably right, it will probably be a little more subdued and subtle this time. like I said, it was just something out of the ordinary I noticed.
no, the purpose of an ad is to create demand, but it's been a long time since they thought it was even worth the money to try to create demand. like I said, it's a contrarian indicator those of us that have been long have been living without a worry for quite some time now just a heads up
For my stock market overall decisions I have used same indicator for like ever, I recall first saw it IBD back in the 80's. I am pretty much only looking for good shorts now.
you may be right, my time frame is quite a bit longer, this was a comment on the overall market, not anything a short term trader would benefit from. actually, I don't trade ES anymore, but a I have some money in index funds, all long. so I don't mind if you are a little right, just let me get out before you are completely right. I'd feel a lot better about the whole deal if we could get a nice healthy correction and then continue on.