tag:blogger.com,1999:blog-11027528911364475.post1908729164803514378..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Since the Market Bottomed...Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11027528911364475.post-82579187427051444092009-08-24T09:15:49.480-07:002009-08-24T09:15:49.480-07:00Ive been bullish all through this.
We are still in...Ive been bullish all through this.<br />We are still in the Caution phase of the investor psychology cycle:<br /><br />http://www.investmentpostcards.com/wp-content/uploads/2008/08/29-aug-2c.jpg<br /><br />It remarkable how the same mistakes are made over and over.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-64720813075473904382009-08-24T08:21:59.514-07:002009-08-24T08:21:59.514-07:00I suppose it depends on what stocks retail "i...I suppose it depends on what stocks retail "investors" bought. As you mentioned most were risk averse in the Nov-Apr timeframe. I would surmise that many retail buyers opted for the safer, dividend paying companies, while hedge fund managers and prop desks likely went for the high beta banks, retailers and commodities. <br /><br />This gives a bifurcated result. Retail is probably up only 20-30% from the lows - only a minor blip in comparison to what they have lost. While the leveraged fat cats have taken the explicit gov't guarantees to heart and gambled with the highest reward bets imaginable.Matt Stileshttps://www.blogger.com/profile/17977694389453612864noreply@blogger.com