From Peter Reagan
A classic sign of late-stage speculative bubbles is sentiment-based market action, instead of an approach based on fundamentals.
Market sentiment is a fairly simple concept:
the feeling or tone of a market, or its crowd psychology, as revealed through the activity and price movement of the securities traded in that market. In broad terms, rising prices indicate bullish market sentiment, while falling prices indicate bearish market sentiment.
The problem is, the current sentiment portrayed by the mainstream media isn’t supported by technical fundamentals at all. Instead, media talking heads are grasping for so-called “good news” which inspires risky investor behavior. Continue reading “Why the Media Is Desperately Hiding the Truth About the Economy”
