Thursday, December 12, 2013

Xmas Seasonality.... and beyond

With the Santa rally talk starting to pick up, seems like a good time to look at the stats. Wednesday the 18th is minus 5.



On the flip side, here is an excerpt from Sentimentrader (and the accompanying chart) as we head into the new year.
Investor's Intelligence, the granddaddy of sentiment surveys, released their latest findings this week and the results were extreme.  Out of those newsletters expressing an opinion, more than 80% are expecting higher prices. That's the most skewed percentage since 1987.


Even though that's a relatively small sample, I believe it's worth paying attention to. That data is hard to ignore, especially given the other intermediate term caution flags popping up.