Investor Sentiment on Stock Market is Moving from Bullish Toward Cautious Signals  

Investor Sentiment on Stock Market is Moving from Bullish Toward Cautious Signals.  We use investor sentiment as contrarians indicators on the direction of the stock market.  One of our favorite contrarian indicators is the Investor Intelligence poll of more than 100 newsletter editors.  Historically they are no better at playing the stock market than the…

Stock Market Margin Debt is Decreasing But Not Enough to Assure Stocks Won’t Keep Declining

Stock Market Margin Debt is Decreasing But Not Enough to Assure Stocks Won’t Keep DecliningThe good news is margin debt is declining.  The bad news is that it still Is much too high to assure a strong bull market, and that stocks won’t decline a lot more. You’ll note in the charts below that positive…

Used Car Prices are  Crashing, Meaning Big Trouble Ahead for Car Companies and Other Auto  Lenders

Used Car Prices are  Crashing, Meaning Big Trouble Ahead for Car Companies and other Auto  Lenders.  As the chart below shows, economic dislocation caused by the corona virus has triggered the biggest decline in car prices since the 2008 great recession, And some analyst say the declines this time could be far worse as a…

Investor Sentiment on Stock Market is No Longer Wildly Bullish

Investor Sentiment on Stock Market is No Longer Wildly Bullish.  We use investor sentiment as contrarians indicator on stock market direction.  So, a month ago in late March the Investor Intelligence poll of more than 100 newsletter writers showed  bears clearly outnumbering bulls  with a negative spread of -11.6%.  Negative spreads as they widen historically…