there is general rule of thumb that us stock market people use when the market is going up:
if your cleaning lady/mendoub/cab driver/ha’ris starts talking to you about the market,… its a sign that the top is near.
when its going down the same can be said:
when your cleaning lady/mendoub/cab driver/ha’ris starts talking to you about the market,…. the end might be in sight.
(the 21st century amendment to the rule of thumb will include bloggers that dont normally blog about financial matters, and conspiracy theory forums that are normally more concerned with aliens who are hiding behind mars planning their invasion.)
except for crashing markets, there is one more thing,…
the capitulation move, or the disgust trades,… but i think that has yet to happen.
