RE:Clarity on Elliott Wave Analysis JoeStockIQ wrote: Sentiment Speaks: Man, This Is A Confusing Market
https://seekingalpha.com/article/4460231-sentiment-speaks-man-this-is-a-confusing-market?source=copyToPasteboard
Once again, educate yourself by reading the attached article. As you will see, the market still has much higher to go. The man question is if it goes higher from here or if one more minor correction will occur first, operative word being "minor". This isn't Voodoo type economic theory, it's all about overall market sentiment. And remember, everything is already baked into the sentiment. News, TA, interest rates, micro / macro conditions, the whole lot. Meathead the Meatsack doesn't have a clue, the markets are climbing his wall of worry. Bottom line here is that even if one more minor pullback is coming, the market is still heading much higher before the next "Bear Market" has a chance to effect our positions in Taseko and all other equities in your portfolio.
Not one comment on the substance of this article and / or the premise laid out in Elliott Wave theory analysis. Surprising, thought at least one person here would see the light. Don't you people get it? The market makes a top when an overwhelming percentage of investors are overwhelmingly bullish, thereby throwing the remainder of their cash at all types of equities. The reverse holds true when the same are overwhelmingly bearish, thereby selling all of their equities whilst the streets are laden with blood.
Anyone here seeing irrational exuberance out there in the markets? There are dozens of market "pundits" writing Meathead type "the sky is falling" "analysis" articles on the daily. Can you go to any investor forum in the media without seeing doom and gloom articles by supposed market "experts"? Nope, the majority of this ilk are prognosticating that the overall markets are going to crash any day now, just like our options guru Meat Stew.
Now students, what does this all mean? Very good class, no market crash until everyone turns bullish.
You're welcome.