The Profitless Prophets and their Dark Matter Advice

The profitless prophets out there have figured out that people love to buy books and newsletters that howl warnings at everything. And the investor herd’s reactions to that fear – buying into shit investment products and missing out on things like a near eight year bull market – make them feel like they’ve eluded some terrible fate.

Investor Walls of Worry, Built on Shaky Foundations

Now, you might like to know that in the US, bearish sentiment (as measured by the AAII sentiment numbers ) is today exactly the same as it was in March 2009…after 8 years of a bull market. Remember that it’s euphoria we should be worrying about, and there’s little sign of that thanks to all the noise and our evolutionary response to it.