Too much cheer?

Discussion in 'Trading' started by Bowgett, Nov 29, 2005.

  1. Bowgett

    Bowgett

    http://www.marketwatch.com/news/story.asp?guid={6AB5339F-4606-43B0-99D5-D043E949388E}&siteid=mktw

    "Consider the latest readings from the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average stock market exposure among a subset of short-term market timing newsletters tracked by the Hulbert Financial Digest. As of Monday night, the HSNSI stood at 66.6%.

    The last time it was this high was November 2001."


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    Is is this the time to start building short positions? I am out of my long positions but I am not ready to start shorting yet.

    :confused: