The Economist: Financial Whirlpool Cover
Published September 22nd, 2008 in Sentiment Tags: bearish, bear market, cover sentiment indicator, Economist, financial crisis, magazine cover, panic, sentiment.There has been so much happening that an important sentiment indicator which I usually watch for slipped through the cracks and wasn’t mentioned in the sentiment overview for last week:
And BusinessWeek’s cover asks: Is It Safe Yet?
With the main article inside having a very bloodied bull staggering.
bearish, bear market, cover sentiment indicator, Economist, financial crisis, magazine cover, panic, sentiment
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Hey, I just started following your blog a few days ago. It’s very lucid and well though out. I’m impressed. Keep up the good work!
Brandon
Good cover.
Now, taking in consideration your article “When Magazine Cover Indicators Clash”, and being this one from The Economist, I doubt to take it as a pessimistic contrarian indication, specially in a bear market and in mid-term. Time magazine seems a better one
Interesting: check SPY:IEF in Stockcharts (stocks/treasuries). Recovered important horizontal support, now in pullback. Little room to fall. (Unless a finantial meltdown, that is).
Brandon, thanks
Bourning, good point, I would have to agree. The other indicators also point to more pain ahead. re SPY:IEF, what are we looking at exactly? I mean the rationale for the ratio?
Babak: SPY for stock market and IEF for bonds-treasuries. Thus, the ratio gauges the trend toward risk taking versus towards safe haven. I took it from a Stockcharts newsletter.