The Dow 30 should be signalling all is not well, but?We have three more stocks for a total of 18 that are now trading in the oversold to extremely oversold ranges since the last analysis. It, therefore, seems highly unlikely that the markets will crash under such conditions. The best plan, therefore, should be to switch the TV off as listening to the talking heads can only be viewed as a healthy thing if you like taking a hammer to your head.
Listen to music, watch a movie, read a book, and sip on your favourite drink. For when it is all said and done, which by the way it never is, for if this were true, the talking heads would keep quiet and focus on the phrase “silence is golden”. I digress, so when it is all said and done, these talking heads bring nothing new to the table; their best gift is to regurgitate verbal vomit and try to market it as something new.
Mass Psychology clearly advocates that stock market crashes are nothing but long term buying opportunities. Pull up a long term chart and you will be forced to arrive at the same conclusion. The Big player’s game strategy is to get individuals to focus on words such as bear market, crash, and end of the world, etc.; in doing so, the crowd focuses on the tree and forgets the forest.