Wednesday, December 23, 2020

2020 Is The Worst Year For Contrarians Ever

 

Whaaaaaaaaaaaaaaaaaatttttt?!?!?!?!?



2 comments:

mike norman said...

They think the bearish coterie were the "contrarians" when everyone in the world was bearish due to Covid.

On the contrary...it was a GREAT year for contrarians. My brokerage accounts are a testament to that.

Matt Franko said...

Big bullish sentiment by mid January you faded then it swung to bearish in March on covid shutdowns you faded.... it was really just those 2 macro sentiment trades you needed this year...

Bullish sentiment remained at lowest levels all summer into election.... Trump deranged cohort bearish all summer as prices recovered...

But then the Trump deranged cohort flipped on Monday after sleepy Joe declared victory on Saturday in November (Dow up 1,300 pre-open that Monday) and sentiment has stayed bullish since...

Right now it’s pretty bullish so we’re gonna have a good test here going forward...

imo it requires a major fiscal or monetary policy error from the morons (coupled with bullish zombie sentiment) to really crash it ... so if that policy error happens in here everybody is set up very bullish and they will get their clocks cleaned again...

(Not a recommendation....)