just browsing the posts made on stocktwits and I see the traders there were pressing the bear side quite a bit as the market broke down mainly via FAZ. Regardless of whether they will make money or get squeezed (more likely) it just goes to show what the herd is thinking and it goes to show you that no matter how many times people have gotten their fingers burned with FAZ they just keep comming back for more.
I hope this site never goes down because it is a fantastic way to check the pulse of what the herd is actually doing with their money. Sentiment survey's and anecdotes aren't as good as the real deal.
No comments:
Post a Comment