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Re: austrianeconomics post# 29560

Wednesday, 03/27/2013 12:51:20 PM

Wednesday, March 27, 2013 12:51:20 PM

Post# of 68424
Most people thought this was going to $10 + by now in November, check the posts. Sentiment is a contrary indicator, max bullishness November, check results, now pretty much max pessimism, check back in a few months for the answer...

On a macro level, most people get really bullish at tops in markets and overly negative at bottoms, it is human nature. There are plenty of studies that prove this point.