Time Magazine and The Economist as contrarian indicators

dash · Veteran Poster Joined: 12 Apr 2005 Posts: 488

I agree with Carl Futia. Good to see such high-profile pessimism:

http://carlfutia.blogspot.com/2006/11/disaster-ahead.html

HenryTo · Posted: Thu Nov 30, 2006 10:13 pm Post subject:

Auto and truck sales will be released tomorrow:

http://biz.yahoo.com/c/terms/auto.html

rffrydr · Posted: Thu Nov 30, 2006 9:57 pm Post subject:

I remember that bear cover well--woulda hated going contrary and buying that monday.

The Bull in Red Tape is about the capital market going elsewhere. But maybe subliminally about the current state--maybe a bear?

Good Time article on the psychology of risk in our modern world:

"We pride ourselves on being the only species that understands the concept of risk, yet we have a confounding habit of worrying about mere possibilities while ignoring probabilities, building barricades against perceived dangers while leaving ourselves exposed to real ones"

http://www.time.com/time/magazine/article/0,9171,1562978,00.html

Gainers today were defensive, Pfizer, Health etc. Financials weak in the face of bigtime bond rally. P&G should be better with dollar. Housing strong on coming refi "boom." Microsoft, Amgen, SBUX weak. Market bouyed on oil. I can see the good news and can see how it goes bad.

Recession, take it or leave it, is now a STORY again. Watch out for Toyota and Honda shortfall in autosales.