Comments on: Extremely Pessimistic Consumer Sentiment Is Bullish http://www.tradersnarrative.com/extremely-pessimistic-consumer-sentiment-is-bullish-1379.html Freshly squeezed market commentary & analysis Tue, 06 Jan 2009 06:38:20 +0000 http://wordpress.org/?v=2.0.2 by: Babak http://www.tradersnarrative.com/extremely-pessimistic-consumer-sentiment-is-bullish-1379.html#comment-22890 Thu, 29 Nov 2007 23:47:17 +0000 http://www.tradersnarrative.com/extremely-pessimistic-consumer-sentiment-is-bullish-1379.html#comment-22890 LP, yeah, I know what you mean, but things don't always play out perfectly according to script. LP, yeah, I know what you mean, but things don’t always play out perfectly according to script.

]]> by: LP http://www.tradersnarrative.com/extremely-pessimistic-consumer-sentiment-is-bullish-1379.html#comment-22509 Sat, 24 Nov 2007 19:21:22 +0000 http://www.tradersnarrative.com/extremely-pessimistic-consumer-sentiment-is-bullish-1379.html#comment-22509 Babak, While it maybe true, it would be better if the extreme sentiment occurred after a major downturn. Unfortunately, we have not experienced a major downturn yet, the dollar still continues to slide, these subprime issues are not even close being resolved and oil seem to running away and could be unpegged from the dollar. Had this extreme reading occurred after a stabilized dollar and housing market, I would run out an buy everything under the sun. But for now, I think there will be much more blood on streets, and it would be more prudent to wait for a typical correction at least, this way you know that you are buying at a lower cost basis. LP Babak,

While it maybe true, it would be better if the extreme sentiment occurred after a major downturn. Unfortunately, we have not experienced a major downturn yet, the dollar still continues to slide, these subprime issues are not even close being resolved and oil seem to running away and could be unpegged from the dollar. Had this extreme reading occurred after a stabilized dollar and housing market, I would run out an buy everything under the sun. But for now, I think there will be much more blood on streets, and it would be more prudent to wait for a typical correction at least, this way you know that you are buying at a lower cost basis.

LP

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