Once again. MarketWatch proves to be the perfect contrarian tool ahead of the trading week. I noted the following on Monday:
"There is a bit of a sanguine tone out there in the press, with some big hedge fund players publicly crying out for a correction. Watch out. A snake is more trustworthy. My favorite contrarian indicator, CBS MarketWatch, is calling for more heavy selling this week. These guys pretty much always get it wrong, aside from Hulbert."
"There is a bit of a sanguine tone out there in the press, with some big hedge fund players publicly crying out for a correction. Watch out. A snake is more trustworthy. My favorite contrarian indicator, CBS MarketWatch, is calling for more heavy selling this week. These guys pretty much always get it wrong, aside from Hulbert."
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on Wednesday, May 30, 2007 at 5/30/2007 07:29:00 PM.
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