One thing about people on the streets and predictions, do the opposite.
In November 2006, we hit the street for some stock market tips. See for yourself the sheer patheticness . Pretty hilarious stuff from the archives. Real estate, real estate, real estate, a side of BSX , TWX, and the occasional YouTube is a bubble preach. Check the charts. Awful.
That’s why I was excited to see the blend from today’s edit.
I am having a harder time gauging what to fade based on the ‘Man on the Streets ‘ 2008 edition. If I were to guess, the average investor is way underinvested in the stock market, apathetic and not the least bit concerned.
My read – BIG VOLATILITY COMING. Time to scare some people.