'Dr. Doom' index hints it's time to buy
When Nouriel Roubini's popularity in Internet searches rises, stocks tend to fall. So what happens when his popularity sinks?
Monkey notes that since 2007, spikes in "Dr. Doom's" popularity "were followed by an average 1.6% decline in the S&P 500 index in the following three-week periods."
Monkey continues: "If jumps in Roubini's popularity imply investors are becoming increasingly fearful, then large declines in Roubini's popularity should imply that investors are becoming greedy (or less fearful)."
Monkey tested this theory, and you can read more about it here.
In conclusion, Monkey notes that on Oct. 10, Dr. Doom's popularity fell below its eight-week moving average. "This is a very bullish sign showing investors' optimism about the stock market."
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This may be nice to know but was this article really worth writing? Who in their right mind is going to use this info as a market timing tool?
Just another article trying to get suckers to chase the stock market.
Listen FED and all you scam artists. I will NEVER invest in market again nor will my children. Screw all of you.
I like this article, but I already thought that it was a good time to buy before I read it. So my approval may just be my inclination to praise anyone who agrees with me.
Or people are sick of the B___ S___ associated with these signs and not paying any attention to one particular source or sentiment fund.
Don't buy, Don't buy till we see how people actually feel ,after the Nov elections.
OUTSIDER OGRE thinks Doom/Monkey need to stop taking kickbacks from CNBC/Street.com
Me, Im still hoping for a HINDENBURG catastrophe!
I find it telling that MSN repeats days old articles that had little interest.
Oh well, at least they arent attacking Glenn Beck this weekend.
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[BRIEFING.COM] The major averages spent the entire session in a steady downtrend, but despite persistent selling pressure, today's losses were limited in scope. The Dow, S&P 500, and Nasdaq shed between 0.2% and 0.3% while the Russell 2000 lagged, falling 0.9%.
The underperformance of the Russell 2000 was likely owed in part to tax-loss selling, which tends to pick up this time of year. Small-caps often feel that pinch in a stronger fashion than large-cap issues since individual ... More
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